OPEC+ Sees Tighter Oil Market and Sharp Fall in Global Stocks
OPEC and its allies tightened their outlook for global oil markets, forecasting that inventories will fall sharply over the rest of this year if they dont raise production further.
The groups Joint Technical Committee, assessing the market before
ministers meet on Tuesday, expects that the surplus in oil stocks will have all but disappeared by the end of next month, according to a document seen by Bloomberg. Inventories will decline by at least another 2 million barrels a day from September through…
