OPEC oil data – Aug 2018

Published at 11:39 13 Sep 2018 by

We estimate that OPEC production went up m/m by 0.48 mb/d to 32.96 mb/d in August, higher y/y by just 20 thousand b/d. Nevertheless, compliance with the OPEC/non-OPEC deal was down only marginally, to 112%, from 119% in July, because most of the output gains came from producers (namely Libya and Nig…

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