Supply and Demand Forecast for 2015

Source: OPEC 4/5/2015, Location: Europe

Demand for OPEC crude for 2015 was unchanged from the previous report averaging 29.2 mb/d, an increase of 0.1 mb/d from estimated 2014 levels. The first and the second quarter are expected to see a decline of 0.9 mb/d and 0.2 mb/d, respectively, when compared with the same period a year earlier. In contrast, the third and the fourth quarters are projected to increase by 0.4 mb/d and 1.2 mb/d, respectively.


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