2024-03-19 16:00:00 ET
Summary
- The OPEC Monthly Oil Market Report for March 2024 was published recently.
- OPEC expects robust growth in World Demand for Liquid fuel in 2024 (2.25 Mb/d) and 2025 (1.85 Mb/d).
- The OPEC estimate for future US tight oil growth in output is unchanged from last month, about 4% growth in 2024 and 5% growth in 2025.
A guest post by D Coyne
The OPEC Monthly Oil Market Report (MOMR) for March 2024 was published recently. The last month reported in most of the OPEC charts that follow is February 2024 and output reported for OPEC nations is crude oil output in thousands of barrels per day (kb/d). In the OPEC charts that follow the blue line with markers is monthly output and the thin red line is the centered twelve-month average (CTMA) output....
Read the full article on Seeking Alpha
For further details see:
OPEC Update, March 2024