No. 08



World Bank Expects High Prices, Low Stocks And Strong Demand To Trigger OPEC Production Hike

During the first quarter the World Bank expects worldwide oil demand to exceed supply by an average of 2.5mn b/d, and the combination of high prices, low stocks and strong demand is predicted to trigger an increase in OPEC exports and a subsequent narrowing of the supply-demand gap.

In its Global Commodity Markets report for February, the World Bank says that at some...