Oil market aims to fill the supply gap amid strong demand.

The article offers information on the global market demand for oil and the need for the Organization of Petroleum Exporting Countries (OPEC) to fill the supply gap. It is noted that some factors including higher oil prices and currency depreciations against the U.S. dollar will have a negative impact on demand. Topics include forecasts for the industry which is predicted to grow throughout 2018, the fall in Venezuelan petroleum output, sanctions against Iran and its impact on OPEC production.