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vi

OPEC Monthly Oil Market Report – August 2017

Oil Trade

67

US

67

Japan

69

China

70

India

71

FSU

73

Stock Movements

75

OECD

75

EU plus Norway

77

US

78

Japan

79

China

80

Singapore and Amsterdam-Rotterdam-Antwerp (ARA)

81

Balance of Supply and Demand

82

Balance of supply and demand in 2017

82

Balance of supply and demand in 2018

82

Alternative Energies

84

New technologies find niches in urban transportation in China

84

Windpower – a growing industry faces challenges

85

Monthly Endnotes

87

Cushing crude oil inventories point to improving market

87

California extends cap-and-trade programme to 2030

88

China appears ready to launch long-delayed crude futures market

89

Appendix

91

Glossary of Terms

97

Abbreviations

97

Acronyms

98

Contributors to the OPEC Monthly Oil Market Report

100