OPEC's analysis arm said Tuesday that it expects the global oil market to tighten further in the coming months amid renewed geopolitical tensions but kept its 2019 oil demand growth figure steady as the "upside potential for global economic growth in 2019 remains limited." In its monthly oil market report, OPEC estimates that demand for its crude will average 30.58 million b/d in 2019, a fall of 1.01 million b/d on the year, suggesting that global oil inventories are going to decline sharply from current levels. But the report also showed a surprise rise in crude inventories in the last few months, suggesting ... (full story)