-
Fuel report
Nov 2017
Oil Market Report - November 2017
…Non-OPEC supply is expected to rise by 0.7 mb/d in 2017 and 1.4 mb/d next year, led by higher US output.OPEC crude output fell 80 kb/d in October due mainly to lower supply from Algeria, Iraq, and Nigeria. Output of 32.53 mb/d, the lowest since May, was down 830 kb/d from the record rates seen a year ago. The compliance rate with supply cuts in October was 96% and for the year-to-date it was 87%.Hurricane Harvey contributed to OECD industry stocks falling by 40 mb in September to below 3 000 mb for the first time…