Barclays Capital Output Quotations

What is clear is that despite OPEC's extremely high current output levels there is little sign of a large surplus forming in the market just yet.

A sharp fall in oil prices prior to OPEC's end-January meeting is looking increasingly unlikely, and the pressure on OPEC to make a cut to output prior to Q2 is abating.

The loss in potential gasoline output from these plants alone is expected to be of the order of 600,000 barrels a day.