Home Oil & Companies News OPEC+ committee expects market to return to surplus in 2022

OPEC+ committee expects market to return to surplus in 2022

The OPEC+ joint technical committee (JTC) expects the oil market to remain in a 0.9 million barrel per day (bpd) deficit this year, but hit a surplus of 2.5 million bpd in 2022 as the group raises production, a document seen by Reuters showed. The JTC expects global oil demand to grow by 5.95 million …

The post OPEC+ committee expects market to return to surplus in 2022 first appeared on Hellenic Shipping News Worldwide. Source

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