- Saudi Arabia suggests another production cut possible in 2017. Wow, talk about a country in disarray. One day after reporting that Saudi energy minister sees no need for another production cut in 2017, now says otherwise. This is truly amazing. Truly a country in disarray.
- India's oil demand hits record high (previously reported, I believe) -- January 12, 2017. Consumption soared 11% to the record in 2016. India's oil consumption increased to 196.5 million tons last year (2016) compared to 177.5 million tons in 2015.
- China forecasts record oil demand, suggesting crude oil demand will grow by 3.4 percent this year (2017) to a record of almost 12 million bopd.
Thursday, January 19, 2017
Global Crude Oil Supply And Demand
Three links sent to me by a reader I don't want to lose: