OPEC Revises UP Production Estimates for 2018

OPEC's MOMR, released today, has non-OPEC supplies increasing by 1.15 million bpd in 2018 (last MoMR had this estimated at 900,000 bpd). That's nearly equal to OPEC's 1.2-million bpd cut. The market wants what the market wants, my friends!


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