13.07.2016 - OPEC upbeat on demand growth as oil lingers at 2.5-month lows

With global oil demand growth forecast to rise in 2017 and non-OPEC supply expected to fall, OPEC said in its latest monthly report on Tuesday that "market conditions will help remove overall excess oil stocks in 2017." In its July report, the 14-member oil producing group said that oil demand growth for 2017 is expected at 1.2 million barrels a day (mb/d), around 0.3 mb/d above the last ten years' average...............................................Full Article: Source

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