• There are some challenges but the picture is not as negative as some make it to be
• The world economy is doing well
• We are very positive on demand both in the short and long-term
• Peak demand is not going to happen, the world keeps on growing

His comments come after the bloc decided to delay the planned output increase in December over the weekend here. As ever, OPEC remains the one to be the most bullish about the oil market prospects and unsurprisingly so.

This article was written by Justin Low at www.forexlive.com.