Is Aramco share sale distorting OPEC policy? Kemp | ZAWYA MENA Edition:
"By restraining production, OPEC and its allies have succeeded in eliminating excess oil stocks and accelerating the recovery in prices, but they are paying an increasingly high price in terms of market share. U.S. producers will capture all the growth in global oil consumption this year, according to forecasts from the U.S. Energy Information Administration ("Short-Term Energy Outlook", EIA, March 2018). The agency predicts total crude and liquids production will rise by 2.0 million barrels per day (bpd) in 2018. "
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