Middle East Economic Survey


No 12



OPEC Firms Up Near Term Projected Demand For Its Crude

Demand for OPEC crude going into the second quarter is likely to remain relatively strong, the latest OPEC Monthly Oil Market Report (MOMR) indicates. While the February edition of the MOMR projected the call on OPEC crude falling by 350,000 b/d, the March MOMR estimates this seasonal fall at only 270,000 b/d, and at 28.88mn b/d the outright 2Q demand for OPEC...