VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[sludgehound]

Some hard data OPEC, China

fwiw CNBC head line says reports China already selling out of iPhone 6 and 6s. Guess there's still some coin there if not infrastructure.

Notice BABA down 3.7% pre:
Alibaba Responds To Barron's Article "Alibaba: Why It Could Fall 50% Further," Refutes Claims -- Shares Lower
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-- COMMODITIES BRIEF: Weaker Than Expected China Factory Output and Fixed-asset Investment Data Also Weighing on Oil Price Amid Fears China Demand For It Will Fall

OPEC RAISES 2016 FORECAST DEMAND FOR ITS CRUDE BY 190,000 BPD TO 30.31 MILLION BPD ON LOWER NON-OPEC SUPPLY VIEW

Opec Lowers 2016 World Demand Forecast By 50K barrels per Day, Raise 2015 Forecast by 80K Barrels Per Day

OPEC LOWERS 2016 NON-OPEC OIL SUPPLY GROWTH FORECAST BY 110,000 BPD TO 160,000 BPD

OPEC , CITING SECONDARY SOURCES, SAYS GROUP'S CRUDE OUTPUT ROSE 13,000 BPD TO 31.54 MILLION BPD IN AUGUST

SAUDI ARABIA TELLS OPEC IT PRODUCED 10.265 MILLION BPD IN AUGUST, DOWN FROM 10.361 MILLION BPD IN JULY

The Organization of the Petroleum Exporting Countries cut its forecast of oil supplies from nonmember countries in 2015, a sign that crude's price collapse is hitting U.S. shale drillers and other competing sources.
In its closely watched monthly oil market report, OPEC Monday lowered its projection for non- OPEC supply in 2015 by about 72,000 barrels a day, to 880,000 barrels a day, because of lower-than-expected output in the U.S.
"U.S. oil production has shown signs of slowing," OPEC said in the report. "This could contribute to a reduction in the imbalance of oil market fundamentals, however, it remains to be seen to what extent this can be achieved in the months to come."
OPEC revised up the demand for its crude this year by about 400,000 barrels a day to 29.3 million barrels. That is 2.2 million a day less than the group's 12 members pumped last month.
OPEC revised up its forecast for oil demand growth in 2015 to 1.46 million barrels a day, a higher rate than previously expected, led by growth in the Organization for Economic Cooperation and Development , a group of the world's richest nations.
The oil-producing group cut its demand growth projection for 2016 to 1.29 million barrels a day, because of slower economic momentum in China and Latin America .
OPEC , which pumps about a third of the world's crude, said its total production inched up by around 13,200 barrels a day in August to 31.54 million barrels, compared with July, driven mainly by higher output from Nigeria , Saudi Arabia and Kuwait .
Saudi Arabia , the world's largest oil exporter, told the cartel it produced 10. 265 million barrels a day last month, down from 10.361 million barrels a day in July. But according to secondary sources, the kingdom's output went up slightly, to 10.362 million barrels a day, from 10.332 million barrels a day.
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(END) Dow Jones Newswires
09-14-15 0700ET
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