IEA oil market report
The August 12th IEA oil market report shows global oil supply increased by 890 Kb/d in July to 87.8 Mb/d. Norway, Canada, Argentina and Brazil underpinned non-OPEC growth of 520 Kb/d, amid a lull in seasonal maintenance elsewhere. Growth in non-OPEC output now averages 455 Kb/d for 2008 and 665 Kb/d for 2009, after 425 …