Demand deficit

  • OPEC Cites Brexit Risk to Global Oil Demand

    OPEC Cites Brexit Risk to Global Oil Demand

    Wednesday, 13th July 2016
    The Organization of Petroleum Exporting Countries (OPEC) has recently pointed to a pending crude supply deficit, instead of a surplus created by low oil prices, as it said that the oil markets are likely to generate high global demand for crude, with an estimated increase of 1.15mb/d, in 2017.