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vi

OPEC Monthly Oil Market Report – November 2017

Tanker Market

63

Spot fixtures

63

Sailings and arrivals

63

Dirty tanker freight rates

64

Clean tanker freight rates

66

Oil Trade

67

US

67

Japan

69

China

70

India

71

FSU

72

Stock Movements

74

OECD

74

EU plus Norway

76

US

76

Japan

78

China

79

Singapore and Amsterdam-Rotterdam-Antwerp (ARA)

80

Balance of Supply and Demand

81

Balance of supply and demand in 2017

81

Balance of supply and demand in 2018

82

Appendix

83

Glossary of Terms

89

Abbreviations

89

Acronyms

90

Contributors to the OPEC Monthly Oil Market Report

92