The data suggests energy consumption will remain resilient despite the trade dispute between the US and China, and it remains to be seen if the Organization of the Petroleum Exporting Countries (OPEC) will curb production beyond 2019 amid the weakening outlook for global growth. Keep in mind, US field production of crude oil has hit a fresh record-high of 12,500K in the week ending August 23, and the fresh metrics may become a growing concern for OPEC and its allies as the most recent Monthly Oil Market Report (MOMR)warns of lower consumption “due to weaker-than-expected oil demand data from OECD Americas, Other ... (full story)