International Energy Agency monthly report now published 12 Oct
- 1.4mln bpd f/cast in 2018
- global crude supply rose 90k bpd in Sept, up 620kbpd yy
- sees non-OPEC crude supply rising 700k bpd in 2017 and +1.8mln in 2018 to reach 59.6m bpd
- sees global oil market broadly balanced
- expects global crude and products inventories to fall 110k bpd in 2017, 200k bpd in 2018
Yesterday OPEC published their own 2017 f/cast at 1.45mln bpd
Nothing to set pulses racing here but WTI down a tad at $51.19 and so too Brent at $56.58
