ICYMI - OPEC’s crude production fell by the most in three years (via a Bloomberg survey)

A Bloomberg article overnight on tighter oil supply.

• Output from the Organization of Petroleum Exporting Countries plunged by 900,000 bpd last month to an average of 27.79 MMbpd, according to a Bloomberg survey.
• the biggest reduction since the group and its allies slashed supplies during the depths of the Covid pandemic in 2020

There was also a report via Reuters:

• OPEC production fell 840K bpd in July - survey

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Earlier today:

• Private oil survey data shows huge headline crude draw, MUCH larger than expected

Oil price update: