StanChart: Traders Continue to Ignore Non-OPEC Supply Slowdown

Last month, commodity analysts at Standard Chartered reported that global oil demand hit an all-time high of 103.79 million barrels per day (mb/d) in August, marking the third successive month in which a new all-time demand high has been set. According to StanChart, global oil demand growth clocked in at a healthy 1.32 mb/d in August. Well, it appears that oil markets are poised to finish the year on a bullish note.  On Tuesday, the Joint Organisations Data Initiative (JODI) released its latest oil market report. Following the release, StanChart…