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Forecast for 2015 Balance of Demand

Source: OPEC 12/11/2014, Location: Europe

Demand for OPEC crude in 2015 was also revised down by 0.3 mb/d to stand at 28.9 mb/d, which is 0.4 mb/d less than the estimated level for 2014. All the quarters were revised down. This downward revision reflects the upward adjustment of non- OPEC supply as well as the downward revision in global demand. The first and third quarters are expected to decline by 0.5 mb/d when compared to the same period last year. The second and fourth quarters are projected to see a contraction of 0.3 mb/d and 0.4 mb/d, respectively.

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Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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