Latest OPEC monthly report
- Cuts 2016 global oil demand forecast by 50k to 1.29mbpd
- Raises 2016 OPEC demand by 190kbpd to 30.31mbpd
- Non-OPEC supply growth -100kbpd to 160kbod
- Says recent data shows better than expected oil demand
- Signs of slowing US production could reduce market imbalance in coming months
- Secondary sources say OPEC output +13kbps in August to 31.54m
- Saudi's say they produced 10.265mbpd in August vs 10.361m in July
It looks like OPEC is sticking with its strategy of waiting for the US to fold before it decides to change its production
No real move in Brent crude which trades at 47.63
