The International Energy Agency says that global oil demand will grow at a much faster rate this year than previously estimated.
Within industrialised countries that are members of the OECD oil "product stocks are now only 35 mb above the five-year average", the IEA said in its monthly report.
In May the two sides agreed to extend the cuts for nine more months and officials are starting to talk about extending it further.
"Depending on the pace of recovery for the U.S. refining industry post-(Hurricane) Harvey, very soon OECD product stocks could fall to, or even below, the five-year level", added the IEA.
Strong second-quarter demand has buoyed oil markets, which have been struggling to rebalance as a supply glut has weighed heavily on prices, the IEA said in its September report released Wednesday.
OPEC output fell in August for the first time in five months, after turmoil in Libya disrupted flows and other member countries reduced production. For 2018, the IEA is predicting growth of 1.4 mb/d, or 1.4 per cent.
By 1021 GMT, global benchmark Brent crude LCOc1 was up 27 cents, or 0.5 percent, at $54.54 a barrel.
Hollifield sold 2,609 shares of Lowe's Companies stock in a transaction on Thursday, December 1st. (NYSE:LOW) on Tuesday, May 30. Harbour Capital Advisors LLC purchased a new position in shares of Lowe's Companies in the 1st quarter valued at $103,000.
Garcia won the competition with Liverpool in 2005, and believes the current squad is better than that one he was a part of. Klopp also insisted that although Mane was upset with the injury to Ederson, he must not change the way he plays.
China has a four-tier color-coded system for severe weather, with red being the most serious, followed by orange, yellow and blue. It had not yet been determined whether the Taiwan government would close financial markets, companies or schools on Thursday.
Sign up here to receive the latest round-up of Wheels news, reviews and video highlights straight to your inbox each week . This will be BMW's first Le Mans auto since 2011, but the M8 GTE won't compete exclusively as a WEC vehicle .
Earlier a crane collapsed onto a building under construction in high winds. "Everything is flooded", he said. Editor's note: This is a developing story that is being constantly updated as the storm progresses.
Although Jonny Evans was a Manchester United player for a long span, that didn't stop Guardiola from trying to sign him. The team fell short at the last-16 stage last season, exposed by the attacking brilliance of Monaco.
It followed up with a sixth nuclear test on September 3, its largest to date, which it said was a miniaturized hydrogen bomb . It called on Pyongyang to "respect worldwide law and to put an irreversible and verifiable end to its nuclear program".
News. "Those details can make the difference", said Senior Admissions and Financial Aid Director Steve McKellips. Centenary College has been designated a Tier One National Liberal Arts College for the seventh straight year.
Irma , the most powerful Atlantic storm in a decade, hit Florida Sunday after leaving a trail of destruction in the Caribbean. FPL employees will always carry an FPL photo ID badge, be in FPL trucks, and will never need to enter your home, FPL said.
While the coverage starts at 1am, the bout itself will likely not get underway until between 4am and 4.30am United Kingdom time. I know he's a strong fighter. 'I'm ready, and you know what you'll get from me.
Jean-Francois played in just 6 defensive snaps (and a single special teams snap) in Sunday's 17-9 win over the Seattle Seahawks. However, buried deep on the cornerback depth chart, Gunter's number was pretty easy to call for cutting by the Packers.
NK Maribor Champions League - 1 November 2017
All those opponents are beatable and they should have additional motivation to win this first game against Sevilla at Anfield. Sadio Mane is available for the match, despite his straight red card on Saturday.
Republic could get an extra two MEPs post-Brexit
But Mr Coveney argued that voting to leave the EU was never explicitly a vote to leave the Customs Union or Single Market. He added: "There was no rebellion from Government at all and seven Labour MPs voted with the Government".
Trump downplays new United Nations sanctions on N. Korea
His comments come after the UN Security Council unanimously adopted a US-draft resolution imposing new sanctions on North Korea. North Korea said its September 3 test was of an advanced hydrogen bomb and was its most powerful by far.
UN Votes Unanimously to Pass New Sanctions on North Korea
Trump has vowed not to allow North Korea to develop a nuclear missile capable of hitting the mainland United States. Haley referred to the proposal , which included the removal of the THAAD military defence system, as "insulting".
Ten people died as Hurricane Irma battered Cuba
The money will fund damage assessments as well as help with temporary shelters for displaced people and emergency relief supplies. Martin , an 87-square kilometer island split roughly in half between the French overseas territory of St.