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DEMAND, SUPPLY AND PRICES

Demand, Supply and Prices

Study Released December 31, 2013

Commodity Report - Crude Oil - November 2013

OPEC is losing its market share as North American supplies rise and global demand remains muted. Both this year and in 2014, the call on OPEC crude is forecast to fall due to increasing non-OPEC production. Supply growth of 1.2 million barrels a day (MMBPD) in 2013 and 1.6 MMBPD in 2014, according to the International Energy Agency (IEA),1 will more than meet global demand rises of 990,000 barrels per day this year and 1.1 MMBPD next year..... Download full report.

November 2013