Reuters | OPEC won't react to small, short-lived oil supply disruptions: senior OPEC source Reuters The senior OPEC source also said the oil market was on its way to being re-balanced, but so far global oil inventories remained above their five-year average and much more time was needed to drain the oil glut. “Any change in production limits must be ... Venezuela's oil production sinks to lowest since 2002, Platts says |