Ole HansenOle Hansen , Head of Commodity Strategy, Saxo Bank
Denmark, 09 August 2012 at 10:52 GMT+0
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Energy: a fairly subdued Monthly Report from OPEC:
Expect 2013 world demand growth to remain steady at 810k barrels per day with risk skewed to the downside as a more gloomy picture could reduce the forecast by 20 percent next year.
2012 demand growth left at 900k barrels per day.
Iraq produced more than 3 mbpd in July for the first time since 2003
Irans production fell further to 2.82 mbpd

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Saxo Bank provides an execution-only service. The material on this website does not contain (and should not be construed as containing) investment advice or an investment recommendation, or a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Saxo Bank accepts no responsibility for any use that may be made of these comments and for any consequences that result.

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