OPEC monthly oil report: Leaves world oil demand forecasts for 2023 and 2024 unchanged

• 2023 growth seen at 2.44m bpd
• 2024 growth seen at 2.25m bpd
• OPEC output fell 836k bpd to 27.31m bpd in July after Saudi voluntary cut
• Sees prospects for healthy oil fundamentals in H2
• OPEC’s data suggests 2 million barrel a day supply deficit

WTI crude is down 58-cents to $83.83.

OPEC’s demand assumptions for next year are at the higher end. Much of that will depend on China, India and Europe.