IEA: Increases by OPEC help offset non-OPEC output decline to lift global supply in April

摘要

Global oil supplies rose 250,000 b/d in April from the preceding month to 96.2 million b/d as higher OPEC output more than offset deepening declines in non-OPEC countries, the newly released IEA Oil Market Report (OMR) for May informs. But year-on-year, world output grew by just 50,000 b/d in April versus the rise of more than 3.5 million b/d a year earlier. Non-OPEC supply is forecast to drop by 0.8 million b/d in 2016 to 56.8 million b/d.