No. 3



Non-OPEC Output Estimates Up Again In Latest IEA Forecast

OPEC planners looking for a bit of solace in advance of the November OPEC meeting will find very little comfort in the International Energy Agency's latest monthly forecast. Once again, the bad news had to do with supply trends in non- OPEC rather than developments on the demand side of the equation, which were generally positive. In its end- September Oil Market Report the IEA has revised...