Latest OPEC monthly report
Global oil market will see 985kbpd average surplus in 2017 vs 1.24mbpd prior
Says initial reports show positive signs of non-OPEC compliance with pledged production cuts
Secondary sources says OPEC output (excl Indonesia) falls 221kbpd in Dec to 33.085mbpd
Non-OPEC supply growth forecast lowered to 120kbpd vs 300kbpd gain prior
Hikes US 2017 output forecast to 230kbpd on drilling rebound and shale growth
OPEC says a continued normalisation of monetary policy and oil output cuts should help to bring stability to the market in 2017
Brent had fallen around $1.30 in the run up to the report.
