{"id":67711,"date":"2022-06-27T20:00:39","date_gmt":"2022-06-27T16:00:39","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=67711"},"modified":"2022-06-27T20:11:06","modified_gmt":"2022-06-27T16:11:06","slug":"opec-lowers-2022-market-surplus-forecast","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/opec-lowers-2022-market-surplus-forecast\/06\/27\/market-updates\/","title":{"rendered":"OPEC+ lowers 2022 market surplus forecast"},"content":{"rendered":"\n<p>Producer group OPEC+ trimmed its projected 2022 oil market surplus to 1 million barrels per day, down from 1.4 million bpd previously, a report said on Monday. <br><br>The said report was prepared for the group\u2019s upcoming meeting of the OPEC+ Joint Technical Committee scheduled to take place on Tuesday.<br><br>As for the market\u2019s reaction; crude oil prices gained traction after this report. West Texas Intermediate trades at $109.47, where it was up 1.75% on a daily basis. Similarly, and Brent crude was up 2% at $114.65.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Producer group OPEC+ trimmed its projected 2022 oil market surplus to 1 million barrels per day, down from 1.4 million bpd previously, a report said on Monday. The said report was prepared for the group\u2019s upcoming meeting of the OPEC+ Joint Technical Committee scheduled to take place on Tuesday.As for the market\u2019s reaction; crude oil &hellip;<\/p>\n","protected":false},"author":13,"featured_media":54086,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,36],"tags":[7156,8186,7004,6909],"class_list":["post-67711","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-brent","tag-oil-surplus","tag-opec-2","tag-wti"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/67711","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=67711"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/67711\/revisions"}],"predecessor-version":[{"id":67715,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/67711\/revisions\/67715"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/54086"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=67711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=67711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=67711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}