Oil demand growth to outpace non-OPEC supply growth in 2018 & 2019 – StanChart

Following are the key highlights on oil markets, as reported in a client note released by Standard Chartered (StanChart) overnight.

"We expect oil demand growth to outpace non-OPEC supply growth in both 2018 and 2019."

"In our view, the back of the Brent and WTI curves are both still underpriced. We do not think that prices below $US65 per barrel are sustainable into the medium term."