OPEC+ sees slightly smaller oil market surplus this year, sources say

📆 2022/08/03 0:58:00
📰 ChannelNewsAsia

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LONDON : The OPEC+ Joint Technical Committee (JTC) trimmed its forecast for a surplus in the oil market this year by 200,000 barrels per day (bpd) to 800,000 bpd, two OPEC+ delegates told Reuters. The JTC is meeting on Tuesday ahead of a ministerial meeting of the Organization of the Petroleum Exporting C

LONDON : The OPEC+ Joint Technical Committee trimmed its forecast for a surplus in the oil market this year by 200,000 barrels per day to 800,000 bpd, two OPEC+ delegates told Reuters.

The JTC is meeting on Tuesday ahead of a ministerial meeting of the Organization of the Petroleum Exporting Countries and allies led by Russia, known as OPEC+, on Wednesday.

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