U.S. oil supply to grow by 6% in 2018: OPEC

October 13, 2017 0

Despite a more moderate-than-expected growth, U.S. oil supply is forecast to grow by 6% in 2018, compared to 2017 – an increase only smaller than the 11.16% expected for the Asia Pacific region, OPEC said Wednesday.

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OPEC underinvestment may squeeze oil supply in 2018

September 27, 2017 0

Weaker investment in upstream exploration and production can potentially affect crude oil supply as early as 2018, and five OPEC member countries are expected to drive the market into an undersupplied state instead of oversupplied.

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