Open Demo Account
Home / Market Update / Commodities / Reuters: OPEC + reduced the forecast of the oil market surplus in 2022 to 1.4 million b/d
OPEC

Reuters: OPEC + reduced the forecast of the oil market surplus in 2022 to 1.4 million b/d

Adel 1 June, 2022 5:03 pm Commodities, Global Stock Market, Market Update

Two sources in OPEC + told Reuters on Wednesday that the group expects the oil market surplus to be 1.4 million barrels per day in 2022, about 500,000 barrels per day less than previous expectations.

The two sources were based on figures prepared for the meeting of the OPEC + joint technical committee, which is being held on Wednesday.

Tags

Check Also

Rising U.S. Inflation Expectations Shake EUR/USD as Central Bank Decisions Loom

The EUR/USD currency pair is facing a notable decline as the U.S. dollar strengthens following …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends