Reuters citing its sources 9 Sept 2016

  • August production up 10k bpd vs July

A small increase but still a rapid slowdown from levels produced immediately in the aftermath of sanctions being lifted.

The data is due to be officially announced in the latest monthly report from OPEC due on Monday.

Iran's objective of achieving pre-sanction levels before any output freeze by oil producing nations has been a major factor in those discussions and levels are now back to those seen in late 2011 before the last round of sanctions were tightened.

Oil price unfazed and flat-lined for the moment.