With OPEC/non-OPEC conformity at 104% oil prices fall 7%-8% today
The OPEC-Non-OPEC Joint Ministerial Monitoring Committee (JMMC) for November met this weekend in Abu Dhabi and noted that countries participating in the Declaration of Cooperation achieved a conformity level of 104% in October 2018.

In today's trading, Brent was off 7%. The international oil benchmark is off more than $20 per barrel since early October.

Committee warns of oil supply growing faster in 2019 than global demand
The JMMC committee said 2019 prospects point to higher supply growth than global requirements. It said that dampening of global economic growth prospects could have repercussions for global oil demand in 2019 – and could lead to widening the gap...


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