• 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.