2017 annual report released
- OPEC sees demand for its crude rising to 33.1 million barrels per day in 2019 down from 33.7 million barrels per day in 2016 report
- OPEC raises forecast for global tight oil output in 2020 to 7 million barrels per day versus 4.55 million barrels per day in 2016 report. Sees peak after 2025.
- Says global oil demand could plateau in second half of 2030s if electric vehicles are adopted more rapidly
US WTI crude oil futures prices are little changed at $57.31.
Brent crude oil prices are also little changed at $64.12 down $.15.
