IEA releases Oil Market Report for October

摘要

Global oil supply rose by 0.6 million barrels per day (mb/d) in September, the newly released IEA Oil Market Report (OMR) for October informed subscribers. Non-OPEC supply was up nearly 0.5 mb/d on higher Russian and Kazakh flows and OPEC supply was at an all-time high. World oil output of 97.2 mb/d was up 0.2 mb/d from last year due to strong OPEC growth. Non-OPEC supply is forecast to drop by 0.9 mb/d in 2016 before rebounding by 0.4 mb/d in 2017.