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OPEC
Monthly Oil Market ReportOPEC12 February 2018 Feature article:Review of recent global oil demand trendsOil market highlightsFeature articleCrude oil price movementsCommodity marketsWorld economyWorld oil demandWorld oil supplyProduct markets and refinery operationsTanker marketOil tradeStock movementsBalance of supply and demandiiii191231436370748087 Organization of the Petroleum Exporting CountriesHelferstorferstrasse 17, A-1010 Vienna, AustriaE-mail: prid(at) : Market Highlights OPEC Monthly Oil Market Report February 2018 i Oil Market Highlights Crude Oil Price Movements The OPEC Reference Basket increased for the fifth-straight month in January, gaining a sharp to average $ , the highest monthly average since November 2014.
Review of recent global oil demand trends World oil demand growth exceeded 1.40 mb/d for the third consecutive year to register an increase of 1.6 mb/d in 2017. Total global demand is now near the 97.0 mb/d threshold. Cumulatively, between 2015 and 2017, the
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