IEA Monthly OMR: global oil demand growth for 2018 unchanged at 1.5 mb/d

Below are some of the key highlights from the IEA's Monthly Oil Market Report (OMR), released this Friday.

   •  Forecast for global oil demand growth for 2018 unchanged at 1.5 mb/d.
   •  Non-OECD demand in 1Q18 revised down by 260 kb/d.
   •  Global oil supply eased by 120 kb/d in March, to 97.8 mb/d.
   •  OPEC crude production fell by 200 kb/d in March, to 31.83 mb/d.
   •  OECD commercial stocks declined by 26 mb to 2 841 mb and were just 30 mb above the five-year average at end February.