damirUSBiH + 327 DD March 15, 2018 By IEA, global oil demand is expected to pick up this year but supply is growing at a faster pace, leading to a rise in inventories in the first quarter of 2018. The IEA raised its forecast for oil demand this year to 99.3 million barrels per day (bpd) from 97.8 million bpd in 2017. The agency said it expected supply from non-OPEC nations to grow by 1.8 million bpd in 2018 to 97.9 million bpd, led by the United States, where crude output was forecast to rise by 1.3 million bpd during 2018 to more than 11 million bpd by the end of the year. Quote Share this post Link to post Share on other sites
Pavel + 384 PP March 15, 2018 Two days ago U.S. Department of Energy predicted american shale drillers will take aim at the seven million barrels-per-day mark next month, as U.S. oil production continues to hit new record highs. According to the same source, output from the nation's shale oil regions is poised to grow by 131,000 barrels a day next month. Quote Share this post Link to post Share on other sites
franco + 96 FM March 15, 2018 When the oil of USA grew the prices coming down !!! Quote Share this post Link to post Share on other sites
Rodent + 1,424 March 15, 2018 This definitely does not bode well for prices. The market will react, even though it's just old news. Quote Share this post Link to post Share on other sites
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