• 2013 up by 145,000 bpd to 1.2 mln bpd
  • 2014 up by 110,000 bpd to 1.2 mln bpd
  • says OPEC crude oil supply fell in Nov for 4th straight month by 160k to 29.79 mlb bpd
  • says oil consumption growth ” gaining momentum” as US demand tops 20 mln bpd for first time since 2008 financial crisis
  • sees persistent upside risks to oil from both supply and demand sides of the market

Latest monthly report from the International Energy Agency

Brent crude 109.50