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vi

OPEC Monthly Oil Market Report – September 2017

Spot fixtures

69

Sailings and arrivals

69

Dirty tanker freight rates

70

Clean tanker freight rates

72

Oil Trade

73

US

73

Japan

75

China

76

India

77

FSU

79

Stock Movements

81

OECD

81

EU plus Norway

83

US

84

Japan

85

China

86

Singapore and Amsterdam-Rotterdam-Antwerp (ARA)

87

Balance of Supply and Demand

88

Balance of supply and demand in 2017

88

Balance of supply and demand in 2018

88

Appendix

90

Glossary of Terms

96

Abbreviations

96

Acronyms

97

Contributors to the OPEC Monthly Oil Market Report

99