OPEC MONTHLY REPORT: OPEC crude production down 77k bpd in February to average 32.19mln bpd, according to secondary sources

2018 oil demand growth was revised up marginally to 1.60mln bpd (Prev. 1.59mln bpd), leading to total global demand of 98.63mln bpd. 2018 non-OPEC supply growth revised up by 280k bpd to 1.66mln bpd, with total non-OPEC supply reaching 59.53mln bpd. World oil supply in February increased by 370k bpd to average 98.2mln bpd, an increase of 1.66mln bpd Y/Y. (OPEC)