IEA: Lower Supply from Nigeria, Algeria, Iraq Dipped October OPEC Output by 80,000bpd

After 116 past bullish report events, Crude Oil (Brent) moved a median +1.3% over 5 sessions (66% higher; middle half -1.0% to +3.1%), and +2.0% over 20.

• May 2, 2023OPEC oil output falls on Iraq, Nigeria outages, Reuters survey finds | Reuters-4.8%
• Apr 30, 2018OPEC oil output falls by 70,000 bpd in April - Reuters survey-0.2%
• Nov 29, 2019OPEC oil output falls by 110,000 bpd in November -Reuters survey | Financial Post+0.2%
• Dec 4, 2017OPEC oil output falls in November to lowest since May-0.6%
• May 14, 2025OPEC expects slower 2025 oil supply growth from rivals after price drop-0.9%

After 131 past bullish report events, Crude Oil (WTI) moved a median +1.2% over 5 sessions (60% higher; middle half -1.3% to +3.4%), and +2.9% over 20.

• May 2, 2023OPEC oil output falls on Iraq, Nigeria outages, Reuters survey finds | Reuters-3.3%
• Apr 30, 2018OPEC oil output falls by 70,000 bpd in April - Reuters survey+2.4%
• Nov 29, 2019OPEC oil output falls by 110,000 bpd in November -Reuters survey | Financial Post+0.5%
• Dec 4, 2017OPEC oil output falls in November to lowest since May-1.9%
• May 14, 2025OPEC expects slower 2025 oil supply growth from rivals after price drop-1.7%