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BP's chief economist sees oil market tightening by H2 2023

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The global oil market will likely tighten in the second half of 2023 after the recent decision by OPEC+ to cut oil production, Spencer Dale, BP plc's chief economist said on Tuesday.

Logo of British Petrol BP is seen e at petrol station in Pienkow, Poland, June 8, 2022.

Kacper PempelNEW DELHI, April 18 - The global oil market will likely tighten in the second half of 2023 after the recent decision by OPEC+ to cut oil production, Spencer Dale, BP plc'sThere is a scope for oil markets to tighten a little bit in case China's oil demand and its overall economy recovers, Dale told reporters in a press conference.

 

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