IEA: Global Oil Supply Rises, While Demand Growth Slows

摘要

Global oil supply rose by 0.6 MMbbld in September, according to the International Energy Agency's (IEA) October Oil Market Report. Non-OPEC supply was up nearly 0.5 MMbbld on higher Russian and Kazakh flows and OPEC supply was at an all-time high. World oil output of 97.2 MMbbld was up 0.2 MMbbld from last year due to strong OPEC growth. Non-OPEC supply is forecast to drop by 0.9 MMbbld in 2016 before rebounding by 0.4 MMbbld in 2017.