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CASPIAN OIL & GAS - OPEC+ expects to maintain deficit in oil market

OPEC+ expects to maintain deficit in oil market

29.06.2021

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June 29, Fineko/abc.az. OPEC+ expects the oil shortage on the market to continue in 2021, if production remains at the current level.

ABC.AZ informs that is reported by Bloomberg with reference to the OPEC+ Technical Committee.

According to the JTC’s estimates, in August the demand may exceed supply by 1.7 million bpd, and in the 2nd half of the year the deficit will be 1.9 million bpd.