Official figures

International Energy Agency says North Sea crude fell more than 30% from October high

The International Energy Agency said in its oil market report, released November 13, that North Sea Dated crude had dropped by more than 30% from a high of $136 a barrel on October 8. It pointed to Gulf exports recovering as the reason the market eased. Diesel in Europe fell 11% over the same period, though the agency called tight diesel supply the biggest worry for the market and consumers. The agency said it expects Canada, the United States, Brazil, Argentina and Guyana together to add 1.6 mb/d of output this year.

Energy. Added November 13, 3:08 am Saskatchewan time.References 1