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Next report to be issued on 10 August 2017.

OPEC Basket average price

US$/b

June OPEC crude production

mb/d, according to secondary sources

Economic growth rate

per cent

down 3.99 in June

up 0.39 in June

June 2017

45.21

May 2017

49.20

Year-to-date

50.21

June 2017

32.61

May 2017

32.22

World OECD US Japan Euro-zone China India

2017

3.4

2.0

2.2

1.4

1.8

6.6

7.0

2018

3.4

1.9

2.2

1.1

1.7

6.2

7.5

Supply and demand

mb/d

OECD commercial stocks

mb

2017

17/16 2018

18/17

World demand

96.4 1.3

World demand

97.6 1.3

Non-OPEC supply

57.8 0.8

Non-OPEC supply

59.0 1.1

OPEC NGLs

6.3 0.2

OPEC NGLs

6.5 0.2

Difference

32.3 0.3

Difference

32.2 –0.1

Mar 17 Apr 17 May 17 May 17/ Apr 17 May 16

Crude oil

1,549 1,541 1,529

–11.6

1,525

Products

1,477 1,487 1,486

–1.3

1,527

Total

3,026 3,028 3,015

–12.9

3,052

Days of forward cover

65.1 64.6 63.5

–1.0

64.8