In its monthly report, OPEC forecasts that “U.S. total oil supply will rise by 370,000 barrels per day (bpd) in 2021 to 17.99 million bpd.”

Reuters reports that “OPEC left its forecast for world demand unchanged, saying oil use will rise by 5.90 million bpd this year to 95.91 million bpd, following a record 9.75 million bpd contraction last year due to the pandemic.”