Oil: Facts, Numbers And Emotions

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About: The United States Oil ETF, LP (USO), OIL, UWT, UCO, DWT, SCO, BNO, DBO, DTO, USL, DNO, OLO, SZO, OLEM, WTIU, OILK, OILX, WTID, USOI, USOU, USOD, UBRT, DBRT, OILD, OILU, USAI
by: Oleh Kombaiev
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Oleh Kombaiev
Commodities, internet, medium-term horizon, ETF investing
Summary

According to OPEC and the IEA, 2019 will see a steady demand growth and an even greater increase in the non-OPEC oil supply.

Iran is the main current unknown in the oil price equation.

In 2019, a surplus is very likely to return to the global oil market.

The OPEC and the IEA made the first forecasts for 2019, and I'll start with analyzing their dynamics.

The OPEC estimates the average global oil demand in 2019 at the level of 100.3 m/bd. This