OPEC monthly oil report: Leaves world oil demand forecasts for 2023 and 2024 unchanged
<ul><li>2023 growth seen at 2.44m bpd</li><li>2024 growth seen at 2.25m bpd</li><li>OPEC output fell 836k bpd to 27.31m bpd in July after Saudi voluntary cut</li><li>Sees prospects for healthy oil fundamentals in H2</li><li>OPEC's data suggests 2 million barrel a day supply deficit</li></ul><p>WTI crude is down 58-cents to $83.83.</p><p>OPEC's demand assumptions for next year are at the higher end. Much of that will depend on China, India and Europe.</p>
This article was written by Adam Button at www.forexlive.com.
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