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OPEC yesterday released its monthly report with a forecast of slip in global crude oil demand growth in 2019, based on initial projections. Global oil demand is expected to grow by an average of 1.45m bbl/day in 2019 on the back of 3.6% of expected global GDP growth. Assumptions are made that non-OPEC supply will grow by 2.1m bbl/day during next year.
