The International Energy Agency on Thursday raised its estimates of the “call” on OPEC, or demand for OPEC crude, in the first and second quarters of 2019 by 700,000 b/d and 500,000 b/d respectively, suggesting over-supply could taper off following this month’s producer meeting in Vienna. Receive daily email alerts, subscriber notes & personalize your experience. Register Now In its monthly oil market report, the IEA cuts its estimate of non-OPEC production growth next year by 415,000 b/d to 1.5 million b/d, largely on the back of Russia’s expected contribution to cuts agreed with OPEC last week. Its raised estimates for the call on OPEC are now 31.4 million b/d in the first quarter and 31.8 million b/d in the second quarter, compared with estimated production in November of 33.03 million b/d, a number that includes Qatar, which has announced its exit from the group. While not […]