Economy OPEC sees higher 2018 oil supply from rivals, stronger oil demand Updated : April 12, 2018 05:13 PM IST Oil stocks in the developed world reversed a rise in January to fall by 17.4 million barrels in February to 2.854 billion barrels, around 43 million barrels above the latest five-year average. Non-OPEC oil supply was forecast to rise by a further 80,000 barrels per day (bpd) this year to 1.71 million bpd. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.