IEA World Oil supply report for Feb 2011 and China Oil Demand
The IEA oil market report from Feb 10, 2011 World oil supply rose 0.5 mb/d in January, to 88.5 mb/d, on higher OPEC crude and NGL output. Non‐OPEC supply was unchanged from December at 53 mb/d, as outages continued to constrain production. 2010 estimates remain at 52.8 mb/d, while the 2011 outlook is nudged up …