Released today, here is a look at OPEC’s supply/demand balance… The report was overall bearish with oil demand for 2020 and 2021 revised 400,000 b/d lower and non-OPEC production revised up 360,000 and 371,000 respectively… OPEC oil production was 24.05 in August, +.763 from last month… Oil prices are slightly lower so far today…
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