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- OPEC raises forecast for global tight oil output in 2020 to 7 mbpd (4.55 mbpd in 2016 report), sees peak after 2025
OPEC raises forecast for global tight oil output in 2020 to 7 mbpd (4.55 mbpd in 2016 report), sees peak after 2025
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Trims medium-term demand forecast for its crude on higher non-opec supply view
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Sees demand for its crude rising to 33.10 million bpd in 2019, down from 33.70 mln bpd in 2016 report
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Says global oil demand could plateau in second half of 2030s if electric vehicles are adopted more rapidly
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