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Forecast for 2017 Balance of Supply and Demand - February 2017

Source: OPEC 3/9/2017, Location: Europe

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The forecast demand for OPEC crude in 2017 remained broadly unchanged from the previous month. There were slight upwards revisions of 0.1 mb/d in both the second and fourth quarters, while the other quarters remained unchanged.

Oil News in Austria >>

Azerbaijan >>  5/23/2017 - Azerbaijanís oil supply forecast for 2017 remained unchanged with a contraction of 70 tb/d to average 0.78 mb/d, while oil production in 2016 declined...
Kuwait >>  5/23/2017 - Oil producers agree they need to do whatever is necessary to restore balance to the crude market but any decision on output cuts must satisfy all part...

Russia >>  5/23/2017 - Russia has kept its top spot as oil supplier to China, beating Saudi Arabia for the second month in row, as independent refiners scooped up more volum...
Iran >>  5/21/2017 - Iranís key Indian client, Essar Oil received about eight percent more oil from Iran in the first four months of this year which recorded about 150,700...

United States >>  5/18/2017 - Preliminary data shows that US crude oil imports in April went up to average 8.2 mb/d, which is an increase of 250 tb/d from the previous month and 57...
Egypt >>  5/17/2017 - Russia's largest oil producer Rosneft and Italian energy company Eni have signed an agreement to broaden cooperation, including in possible joint oil ...

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