- OPEC raises 2017 non-opec oil supply growth forecast to 950,000 bpd (prev. Forecast 580,000 bpd rise) on higher U.S shale forecast – OPEC monthly report
Market news
11 May 2017
OPEC raises 2017 non-opec oil supply growth forecast to 950,000 bpd (prev. Forecast 580,000 bpd rise) on higher U.S shale forecast – OPEC monthly report
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Leaves 2017 world oil demand growth forecast unchanged at 1.27 million bpd
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OPEC, citing secondary sources, says its april oil outputfalls 18,000 bpd month/month to 31.732 million bpd as group implements supply cut deal for fourth month
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Saudi Arabia tells opec it raised oil output in april to 9.946 million bpd from 9.90 million bpd in march, still below its opec target
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OPEC's 11 members with supply targets cut output to 29.674 million bpd in april, below 29.804 mbpd target - Reuters calculation based on OPEC data
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