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13.02.2018 14:30

IEA says U.S. oil output will soon overtake Saudi Arabia’s; by year-end may top Russia’s

  • OECD oil inventories at end-dec 52 mln barrels above five-year average, vs 264 mln barrels a year earlier

  • Oil demand grew by 1.6 mln bpd in 2017

  • Non-OPEC oil supply, led by United States, likely to grow more than demand in 2018

  • Raises forecast for global oil demand growth to 1.4 mln bpd in 2018 from 1.3 mln bpd

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  • Swiss Producer and Import Price Index fell 0.2% in March
  • OPEC Sec-Gen says oil inventories in February below 50 mln barrels above 5-year-average, decline trend to continue in coming months
  • Earnings Season in U.S.: Major Reports of the Week
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