OPEC strategy working as non-OPEC supply falls: "Supply from oil producers outside the Organization of Petroleum Exporting Countries is set to fall further in spite of a rise in global oil demand, the organization said in its monthly report Monday, adding that it was in the best position to mop up an increase in demand.
In OPEC's October report, the 12-country producer group led by Saudi Arabia predicted world oil demand growth in 2015 to rise by 1.5 million barrels per day (mb/d), up around 40,000 barrels a day on the previous estimate."
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