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Commodities Briefing - Categorized | Market Moves, Oil more

Non-OPEC production lauded by IEA

Posted on 17 February 2014

Outside the Organization of Petroleum Exporting Countries helped with the increase in oil output since last year, the IEA said Thursday from Paris.The International Energy Agency said in its monthly market report oil supplies since last January are up because of “steep growth” from non-OPEC members.
The IEA, however, said global oil supplies in January declined by 290,000 barrels per day to 92.1 million bpd because of lower non-OPEC output………………………………………..Full Article: Source


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