Tomasz + 1,608 August 7, 2018 (edited) EIA STEO is rather a conservative projection. But this time they changed their oil numbers quite a lot. For example Non=OPEC production July August 2016 57,95 57,63 2017 58,73 58,39 2018 61,33 60,68 2019 63,60 62,95 But thats especiallly interesting and this is not because of recent US oil production per day numbers for May 2018. 2018 July edition | August edition April-June 61,30 60,53 July-September 62,03 61,09 OECD commercial inventories - end of 2019 July edtion 2981 milions of barrels August edition 2902 milions of barrels What do you think about these numbers? Because they tend to underestimate oil deficit = for example in second half on 2017. Edited August 7, 2018 by Tomasz Quote Share this post Link to post Share on other sites