# Oil Market Report - December 2018 - IEA

> The IEA's December 2018 Oil Market Report estimates 2018 global oil demand growth at 1.3 mb/d and 2019 growth at 1.4 mb/d. Global supply fell 360 kb/d in November to 101.1 mb/d, and OPEC agreed to cut output by 0.8 mb/d from January. OECD commercial stocks rose for a fourth consecutive month.

- Date: 2018-12-12 · published 2018-12-12T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/8519-oil-market-report-december-2018-iea
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

The announced OPEC cuts tighten supply expectations for 2019, which supports crude prices, while rising OECD stocks offset some of that support. Crude price direction affects energy costs and biofuel economics for feed-linked commodities.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2023-11-14 | [Oil Market Report - November 2023 - IEA](https://feedsoft.ai/events/33372-oil-market-report-november-2023-iea.md) | -0.9% | -13.1% |
| WTI | 2023-10-12 | [Oil Market Report - October 2023 - IEA](https://feedsoft.ai/events/9278-oil-market-report-october-2023-iea.md) | +5.6% | -9.5% |
| WTI | 2022-03-31 | [Statement about Oil Market Report data - IEA](https://feedsoft.ai/events/42181-statement-about-oil-market-report-data-iea.md) | -10.6% | -2.2% |
| WTI | 2022-04-22 | [Financial Markets Report - First Quarter 2022 \| Banco de la República](https://feedsoft.ai/events/42120-financial-markets-report-first-quarter-2022-banco-de-la-republica.md) | +1.5% | +8.0% |
| WTI | 2024-12-12 | [Oil settles flat; markets weigh IEA surplus forecast, rate cut optimism \| Reuters](https://feedsoft.ai/events/27118-oil-settles-flat-markets-weigh-iea-surplus-forecast-rate-cut-optimism-reuters.md) | +0.4% | +9.3% |
| BRENT | 2023-11-14 | [Oil Market Report - November 2023 - IEA](https://feedsoft.ai/events/33372-oil-market-report-november-2023-iea.md) | -0.6% | -8.9% |
| BRENT | 2023-10-12 | [Oil Market Report - October 2023 - IEA](https://feedsoft.ai/events/9278-oil-market-report-october-2023-iea.md) | +5.8% | -7.2% |
| BRENT | 2022-03-31 | [Statement about Oil Market Report data - IEA](https://feedsoft.ai/events/42181-statement-about-oil-market-report-data-iea.md) | -11.9% | -6.8% |

## Sources

- iea.org: https://www.iea.org/reports/oil-market-report-december-2018

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.