Crude oil demand headed for 2019 decline, first time since 2009 IEA drops ‘call on OPEC’ estimate for 2020 to 28.9 million b/d Saudi Oct exports to China hit record high, near 2 million b/d London — The International Energy Agency on Friday raised its estimate of non-OPEC oil output growth next year to 2.3 million b/d while dropping its estimate of the “call” on OPEC crude, warning of a “major challenge” for the producer group and its partners ahead of their next meeting. In its monthly oil market report, the IEA highlighted continued production growth from the US, despite falling onshore rig numbers, as well as new production from Brazil, Norway and Guyana. Its previous report had estimated non-OPEC output growth next year of 2.2 million b/d. Consequently, the IEA dropped its estimate of the call on OPEC, or need for OPEC crude, to 28.9 million b/d […]