OPEC 3Q OUTPUT STILL HIGH DESPITE ESTIMATED lMN B/D DROP IN SEPTEMBER

After reaching a peak in August OPEC crude production appears to have dropped by around 1mn b/d in September and to be set for a further fall in October. This declining trend should go some way towards redressing the pretty massive overproduction of July-August, but in general the fourth quarter prospect, while by no means presaging any dramatic collapse in prices, nevertheless would seem to indicate a continuing soft...