OPEC says OECD oil inventories fell by 22.9 million barrels in dec to 2.888 bln barrels, 109 mln barrels above 5-year average

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12 February 2018

OPEC says OECD oil inventories fell by 22.9 million barrels in dec to 2.888 bln barrels, 109 mln barrels above 5-year average

Says oil market is only expected to balance towards the end of this year
Citing secondary sources,says its january oil output fell 8,000 bpd m/m to 32.302 mbpd
Opec's 11 members with supply targets pumped 29.371 mln bpd in january amounting to 137 pct compliance with supply cut pact (up from dec) - Reuters
Global oil demand to rise 1.59 million bpd this year (prev. Forecast 1.53 mbpd)

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