…OPEC raised its estimate of 2017 production growth from non-OPEC producers to 950,000 barrels a day over last year’s volume, up from last month’s forecast of 580,000 barrels a day. The new forecast is based largely on higher-than-expected output growth from U.S. shale-oil producers and Canadian oil-sands operations. …The rise in non-OPEC supplies will reduce demand for OPEC’s oil this year to 31.9 million barrels a day, down from last month’s forecast of 32.2 million barrels a day, the report said. https://www.wsj.com/articles/opec-oil-output-falls-further-in-april-1494500402