Saudi Gazette - OPEC cuts 2014 demand forecast:
"OPEC on Tuesday trimmed its 2014 forecast of demand for crude produced by its 12 member countries by 300,000 b/d to 29.61 million b/d and left its estimate for this year unchanged at 29.93 million b/d.
Both forecasts, published in the group's monthly oil market report, were below the current level of production, which OPEC said had fallen to 30.23 million b/d in August, a drop of 124,000 b/d from July.
On a quarterly basis, OPEC sees the call on its own crude averaging 30.3 million b/d in the third quarter of 2013 and 30.72 million b/d in the fourth."
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