Wednesday, 12 October 2016

OPEC WTF?

The Organization of the Petroleum Exporting Countries PUMPED 33.39 million barrels per day (bpd) LAST MONTH according to figures OPEC collects from secondary sources, UP 220,000 bpd FROM AUGUST, OPEC said in a monthly report on Wednesday.

OPEC also raised its forecast of non-OPEC supply next year, saying supply from outside the group would rise by 240,000 bpd, up 40,000 bpd from the earlier forecast, citing a higher forecast for Russia.