Unseasonably cold temperatures this week led to big increases in heating demand for natural gas from the residential and commercial sectors. Weather forecasters expect the cold to continue into next week, which will likely result in more natural gas consumption.

World oil demand growth in 2014 is expected to reach 1.05 mb/d, following a downward revision of around 50 tb/d, mainly due to the weaker-than-expected performance of the OECD region.

OPEC: World economic growth for 2014 and 2015 remains unchanged at 3.1% and 3.4% respectively.

IEA: Oil Market Report for July

OPEC: The oil market outlook in 2015

OPEC: World oil supply 2014-15

OPEC published Monthly Oil Market Report July 2014

IEA, International Energy Agency published March Oil Market Report

OPEC published Monthly Oil Market Report