Opec on Tuesday said the call on crude oil produced by its 14 member countries would climb by over 1 million barrels per day in 2017 as non-Opec supply keeps contracting and brimming inventories are drawn down. The producer group -- which readmitted Gabon to its ranks with effect from Jul. 1 and controls more than a third of the world's oil supply -- said in its Monthly Oil Market Report that 2017 demand for its crude would average 33 million b/d. That's a gain of 1.1 million b/d on Opec's projection for 2016, which is itself up 1.9 million b/d on last year's demand.
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