OPEC monthly oil market report: 2018 world oil demand is expected to grow 1.51 mb/d

Here are some of the key highlights from the OPEC Monthly Oil Market Report, released this Wednesday.

   •  OPEC crude oil production in November decreased by 133t bd to an average of 32.45m bd
   •  Saudi Arabia crude oil production in November fell 45.4t bd to 9.996m bd
   •  2018 world oil demand is expected to grow 1.51 mb/d 
   •  Bulk of growth will come from non-OECD with 1.23 mb/d of potential growth
   •  2017 demand for OPEC crude seen at 32.8 mbd, around 0.6 mbd higher than last year
   •  Crude oil output increased mainly in Nigeria, while production mainly declined in Angola, Saudi Arabia, Venezuela and UAE
   •  US crude oil imports in November remained stable at 7.6mbd