Global oil demand expected to grow 1.6 mln bpd in 2018, says OPEC chief

19/02/2018 Argaam

 

Global oil demand is estimated to grow 1.6 million barrels per day in 2018 due to the “encouraging environment,” Reuters reported, citing OPEC Secretary-General Mohammad Barkindo.

 

Commercial oil stocks for the Organization for Economic Co-operation and Development (OECD) rose in January 2018 to about 74 million barrels over the latest five year average, he said on Monday.

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