OPEC's World Oil Outlook: Demand set to increase by 2 mb/d from first to the second half of 2017

Eren Sengezer FXStreet

According to OPEC's World Oil Outlook report, global demand is expected to increase by nearly 2 million barrels per day from the first to the second half of 2017. Moreover, the report estimates that OPEC would need to supply crude an additional 7.7 mb/d in the period of 2020-2040, as reported by Reuters.

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Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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