February 19, 2018 / 12:02 PM / 4 months ago

Global oil demand in 2018 forecast to grow 1.6 million bpd: OPEC

LAGOS (Reuters) - Global oil demand for 2018 is estimated to grow 1.6 million barrels per day due to an “encouraging environment”, OPEC Secretary-General Mohammad Barkindo said on Monday.

An employee pumps petrol into a car at a petrol station in Hanoi, Vietnam December 20, 2106. REUTERS/Kham

He said commercial oil stocks for the OECD rose in January 2018 and were about 74 million barrels over the latest five year average.

Reporting by Paul Carsten; Writing by Chijioke Ohuocha. Editing by Jane Merriman

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