bpd
The Organization of the Petroleum Exporting Countries' (OPEC) latest monthly report showed that the 2021 global oil demand growth forecast got revised down to 5.79 million barrels per day (bpd) from 5.9 million bpd in the previous report.
U.S. refineries are producing more fuel than ever as they seek to meet rising demand - from overseas, rather than the drivers on nearby roadways.
The United Arab Emirates Energy Minister Suhail bin Mohammed al-Mazroui said on Friday .
Saudi Arabia remains committed to work with other oil producers to try and address recent changes in global supply including the rise in output from Nigeria and Libya.
Oil prices edged lower on Monday.
Oil prices fell on Tuesday, pressured by concerns that production cuts by the world's big exporters may not be enough to drain a global glut .
Oil rose on Monday, bolstered by confidence that top exporters will this week agree to extend supply curbs.
The global oil market is rebalancing and the pace at which supply and demand are falling into line is picking up.
