And more Movement.up.gain oil supply from the U.S as well as Iran is providing a buffer against the threat of retaliatory supply cuts Cause.movement.down.loss from Brazil or further caps Cause.movement.down.loss to supplies from the Middle East .

So far , OPEC officials have not expressed a pressing concern Negative_sentiment about the plunge Movement.down.loss in prices , seeing it as a temporary disruption Movement.down.loss and predicting prices will climb Movement.up.gain as more Movement.up.gain seasonal demand growth kicks in due to colder weather .

And more Movement.up.gain oil supply from the America as well as Iran is providing a buffer against the threat of retaliatory supply disruptions Cause.movement.down.loss from Kuwait or further disruptions Cause.movement.down.loss to supplies from the Middle East .

Consuming nations might bank on sharply more Movement.up.gain production from Iraq , Iran and Iraq , on the basis of their sufficient Grow.strong estimates of exports this week - but only once they have put present troubles behind them .

LONDON -LRB- Reuters -RRB- - OPEC trimmed Cause.movement.down.loss its 2014 global oil demand growth forecast for a second consecutive month and said the group managed to increase Movement.up.gain output in July despite violence Civil.unrest in Iraq and Libya , pointing to more Movement.up.gain comfortable global supplies .

So far , OPEC officials have not expressed a pressing concern Negative_sentiment about the fall Movement.down.loss in prices , seeing it as a temporary tailspin Movement.down.loss and predicting prices will bounce back Movement.up.gain as more Movement.up.gain seasonal demand growth kicks in due to colder weather .

Only Russia currently produces more Movement.up.gain , at almost 11 million bpd .

Consuming nations might bank on sharply more Movement.up.gain output from Kuwait , Saudi Arabia and Iraq , on the basis of their elevated Grow.strong estimates of exports this week - but only once they have put present troubles behind them .

And more Movement.up.gain oil production from the China as well as United States is providing a buffer against the threat of retaliatory output caps Cause.movement.down.loss from Norway or further curbs Cause.movement.down.loss to supplies from the Middle East .

So far , OPEC officials have not expressed a pressing concern Negative_sentiment about the collapse Movement.down.loss in prices , seeing it as a temporary plunge Movement.down.loss and predicting prices will surge Movement.up.gain as more Movement.up.gain seasonal demand kicks in due to colder weather .

Consuming nations might bank on sharply more Movement.up.gain supply from UAE , Canada and Iraq , on the basis of their rosy Grow.strong estimates of exports this week - but only once they have put present troubles behind them .

Consuming nations might bank on sharply more Movement.up.gain production from Mexico , Iran and Russia , on the basis of their plentiful Grow.strong estimates of exports this week - but only once they have put present troubles behind them .

`` Everything in Russia confirms that it will export lots more Movement.up.gain ultra-low sulphur diesel and lots less Movement.down.loss straight-run fuel oil and VGO . ''

So far , OPEC officials have not expressed a pressing concern Negative_sentiment about the downturn Movement.down.loss in prices , seeing it as a temporary downturn Movement.down.loss and predicting prices will climb Movement.up.gain as more Movement.up.gain seasonal consumption kicks in due to colder weather .

Crude stowed in U.S. tanks and terminals has never been in more Movement.up.gain demand , as evidenced by the record , 10-week drawdown Cause.movement.down.loss on American inventories .

So far , OPEC officials have not expressed a pressing concern Negative_sentiment about the plunge Movement.down.loss in prices , seeing it as a temporary tailspin Movement.down.loss and predicting prices will climb Movement.up.gain as more Movement.up.gain seasonal demand kicks in due to colder weather .

But in Geneva talks , progress on solving the nuclear impasse and allowing Iran to export more Movement.up.gain oil looked stickier .