Power Demand

OPEC points to 2017 oil surplus as Saudi output hits record

OPEC expects demand for its crude in 2017 to average 33.01 million bpd, suggesting a supply surplus of 100,000 bpd if OPEC keeps output steady.

CEA calculates power estimates wrongly, ends up showing more demand

Due to the faulty method of calculation that the CEA adopted, its findings were naturally not similar to the figures arrived by grid manager POSOCO.