Despite the COVID resurgence, the oil market will become increasingly tight this year, OPEC+ estimates show, but as the group continues to ease the production cuts into next year, the balance will tip into surplus again in 2022. Global inventories are set to dwindle by 825,000 barrels per day (bpd) over the next four months, according to an OPEC+ estimate expected to be presented at the alliance’s Joint Technical Committee (JTC) meeting on Tuesday, Bloomberg reports, citing a source familiar with the data. The JTC meeting today takes stock…
Read More Details
Finally We wish PressBee provided you with enough information of ( OPEC+ Sees Oil Markets Tightening This Fall )
Also on site :
- Oil Exec’s Death Highlights Russia’s Deadly Pattern in Energy Roles
- The 5 most patriotic states in America — and the 5 least patriotic
- MarketsandMarkets' 360Quadrants Recognizes Top Startups and SMEs in the AI Inference Quadrant Report 2025