Latest OPEC monthly report now out
- 2016 growth forecast unchanged at 1.25mln bpd
- says OPEC crude output rose by 230,000 bpd to 31.7mln in Nov
That's it chaps. Keep pumping that oil out. Someone might need it in a few years. Perhaps
- Saudi Arabia tells OPEC it produced 10.186mln bpd in Nov, down about 90k bpd from October
- OPEC forecasts non-OPEC 2016 supply will contract by 380k bpd vs prev forecast of 130k
- slightly raises 2016 forecast for its crude to 30.84mln bpd vs prev forecast of 30.82mln
Every little helps I guess
Brent $40.16 just off session lows as is WTI at $37.04
