• trims demand for its crude oil in 2014 to 29.61 mln bpd, down 70k vs prev forecast, based on higher non-OPEC supply and lower demand forecasts
  • leaves 2015 forecast unchanged at 1.21 mln bpd
  • says group’s output rose to 29.91 mln bpd in July, up 170k bpd in June, led by Libya

OPEC’s latest montly report just out