Global oil demand growth saw dramatic acceleration in q2, revises 2017 growth forecast up 100,000 bpd to 1.4 mln bpd
Sees hefty stock draw later in 2017 provided there is strong compliance with OPEC cuts and even if Libya, Nigeria output recovers further
Oil stocks fell in may to 266 mln barrels above 5-year average, vs 300 mln in april
Crude output rose by 340,000 bpd in june to highest level in 2017 on Saudi, Libyan, Nigerian increase
Compliance with cuts 78 pct in june vs 95 pct in may, lowest in 6 months; non-OPEC compliance 82 pct