Latest report out from the International Energy Agency 14 Nov
- Balances Likely To Show Oversupplied Crude Oil Markets In Q4 2017, Q1 And Q2 2018
- Sees Global Oil Demand Growth At 97.7 Mln Bpd In 2017, 98.9 Mln Bpd In 2018
- If Middle East Tensions, Oil Supply Disruptions Prove Temporary, 2018 Market Balance "Not As Tight As Some Would Like"
- Non-OPEC Oil Supply Expected To Rise By 700,000 Bpd In 2017 To 58.1 Mln Bpd, 1.4 Mln Bpd Next Year To 59.5 Mln Bpd, Led By Us Output
- Says Global Oil Supply Rose 100,000 Bpd In October To 97.5 Mln Bpd, Down 470,000 Bpd Y/Y
- Hurricane Harvey Prompted 40-Mln Bbl Drop In OECD Oil Inventories In Sept To Below 3 Billion Bbls
- Global Oil Inventories Fell 63 Mln Bbls In Q3, Only Second Quarterly Draw Since 2014
- Call On OPEC Crude Seen At 32.6 Mln Bpd In Q4, 32.0 Mln Bpd In Q1 2018
- Non-OPEC Supplies Rose 205,000 Bpd M/M In October To 58.05 Mln Bpd, Up 225,000 Bpd Y/Y
Thanks to our good friends at LiveSquawk for the press release posted above. Only one pair of hands here.
