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Next report to be issued on 13 November 2017.

OPEC Basket average price

US$/b

September OPEC crude production

mb/d, according to secondary sources

Economic growth rate

per cent

up 3.84 in September

up 0.09 in September

September 2017

53.44

August 2017

49.60

Year-to-date

50.13

September 2017

32.75

August 2017

32.66

World OECD US Japan Euro-zone China India

2017

3.6

2.2

2.1

1.6

2.2

6.7

6.9

2018

3.5

2.1

2.3

1.2

1.9

6.3

7.5

Supply and demand

mb/d

OECD commercial stocks

mb

2017

17/16 2018

18/17

World demand

96.8 1.5

World demand

98.2 1.4

Non-OPEC supply

57.7 0.7

Non-OPEC supply

58.6 0.9

OPEC NGLs

6.3 0.2

OPEC NGLs

6.5 0.2

Difference

32.8 0.6

Difference

33.1 0.3

Jun 17 Jul 17 Aug 17 Aug 17/ Jul 17 Aug 16

Crude oil

1,534 1,531 1,506

–24.7

1,507

Products

1,482 1,481 1,490

8.7

1,583

Total

3,016 3,012 2,996

–16.1

3,090

Days of forward cover

63.0 63.2 63.2

0.0

65.3