12-09-2016 21:59 via feedproxy.google.com

There are 2 OPECs

OPEC production stayed around record highs in August.
The 14-member oil cartel saw output fall by about 23,000 barrels per day to 33.2 million in August, according to external sources cited in the OPEC Monthly Oil Market Report, released on Monday.
But, more interestingly, looking under the hood, the data showed that Saudi Arabia and Iran saw their production rise, while Nigeria, Libya, Venezuela, and Iraq saw their production drop, which you can see in the chart below.
Notably, this data p
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