Global Oil Demand in 2018 Forecast to Grow 1.6 Million bpd

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Global oil demand for 2018 is estimated to grow 1.6 million barrels per day due to an “encouraging environment“. OPEC Secretary-General Mohammad Barkindo said on Monday.

He said commercial oil stocks for the OECD rose in January 2018 and were about 74 million barrels over the latest five year average.