Friday, September 27, 2024
OPEC projects oil shortages in 2021, surplus in 2022 as output rises- oil and gas 360

OPEC projects oil shortages in 2021, surplus in 2022 as output rises

World Oil LONDON (Bloomberg) –OPEC and its allies expect global oil markets will continue to tighten this year even as they revive output, but then flip into surplus again in 2022.   The data, to be presented to the group’s Joint Technical Committee on Tuesday, ought to reassure the Organization of Petroleum Exporting Countries and its partners that they can

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