BP say OPEC needs to extend output cuts beyond Q1 2018 to achieve rebalancing

Oil giant BP out with latest report 25 Sept
– oil market currently rebalancing on the back of strong global economy
– expects global oil demand growth of 1.7-1.8mln bpd in 2017
WTI currently $50.60 in gentle retreat from $50.70 in Asia but immediate demand/support lurking around $50.40-50