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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.

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