- leaves estimate of demand for OPEC crude plus stock change in 2015 broadly unchanged at 29.9 million bpd
Latest monthly report from the International Energy Agency here
- oil market looks better supplied than expected despite current conflicts with glut seen in Atlantic basin
- EU and US sanctions expected to trim Russian demand, but have little tangible near-term impact on oil supplies
- situation in some key oil producers more at risk than ever but market is confident that OPEC can rise output to meet demand
The lack of concern on supply should help to keep a lid on oil prices
