OPEC+ trims 2022 oil market surplus forecast in latest data

OPEC+ revised down its forecast for the 2022 oil market surplus by about 200,000 barrels per day (bpd) to 1.1 million bpd, according to a base scenario in a technical committee report seen by Reuters on Sunday.

The data – part of a report the Joint Technical Committee (JTC) prepares for OPEC+ ministers – also shows stocks in the developed world standing at 62 million barrels below the 2015 to…

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News Source: https://www.deccanherald.com/business/business-news/opec-trims-2022-oil-market-surplus-forecast-in-latest-data-1085648.html

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