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Next report to be issued on 13 December 2017.

OPEC Basket average price

US$/b

October OPEC crude production

mb/d, according to secondary sources

Economic growth rate

per cent

up 2.06 in October

down 0.15 in October

October 2017

55.50

September 2017

53.44

Year-to-date

50.68

October 2017

32.59

September 2017

32.74

World OECD US Japan Euro-zone China India

2017

3.7

2.3

2.2

1.6

2.3

6.8

6.8

2018

3.7

2.2

2.4

1.3

2.1

6.5

7.4

Supply and demand

mb/d

OECD commercial stocks

mb

2017

17/16 2018

18/17

World demand

96.9 1.5

World demand

98.5 1.5

Non-OPEC supply

57.7 0.7

Non-OPEC supply

58.5 0.9

OPEC NGLs

6.3 0.2

OPEC NGLs

6.5 0.2

Difference

33.0 0.7

Difference

33.4 0.5

Jul 17 Aug 17 Sep 17 Sep 17/ Aug 17 Sep 16

Crude oil

1,536 1,497 1,499

1.9

1,507

Products

1,494 1,511 1,486

–25.6

1,560

Total

3,029 3,008 2,985

–23.6

3,067

Days of forward cover

63.3 63.2 62.3

–0.9

64.5