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Next report to be issued on 11 October 2017.

OPEC Basket average price

US$/b

August OPEC crude production

mb/d, according to secondary sources

Economic growth rate

per cent

up 2.67 in August

down 0.08 in August

August 2017

49.60

July 2017

46.93

Year-to-date

49.73

August 2017

32.76

July 2017

32.83

World OECD US Japan Euro-zone China India

2017

3.5

2.2

2.1

1.4

2.1

6.7

6.9

2018

3.4

2.0

2.2

1.2

1.8

6.3

7.5

Supply and demand

mb/d

OECD commercial stocks

mb

2017

17/16 2018

18/17

World demand

96.8 1.4

World demand

98.1 1.4

Non-OPEC supply

57.8 0.8

Non-OPEC supply

58.8 1.0

OPEC NGLs

6.3 0.2

OPEC NGLs

6.5 0.2

Difference

32.7 0.5

Difference

32.8 0.2

May 17 Jun 17 Jul 17 Jul 17/ Jun 17 Jul 16

Crude oil

1,535 1,510 1,494

–15.3

1,530

Products

1,505 1,511 1,508

–3.4

1,575

Total

3,040 3,021 3,002

–18.7

3,105

Days of forward cover

63.9 63.2 62.9

–0.4

65.3