OPEC's World Oil Outlook: Demand set to increase by 2 mb/d from first to the second half of 2017

According to OPEC's World Oil Outlook report, global demand is expected to increase by nearly 2 million barrels per day from the first to the second half of 2017. Moreover, the report estimates that OPEC would need to supply crude an additional 7.7 mb/d in the period of 2020-2040, as reported by Reuters.