Recession will hike oil surplus this year, warns OPEC+ report
Published
There will be a bigger surplus in the oil market this year as rising energy costs, tighter monetary policy and recession fears weigh down demand.
Full ArticlePublished
There will be a bigger surplus in the oil market this year as rising energy costs, tighter monetary policy and recession fears weigh down demand.
Full ArticleOPEC+ now expects the oil surplus on the market this year to be higher than its previous estimate by 100,000 barrels per day (bpd),..
This week, OPEC issued its Monthly Oil Market Report. It was released just hours after the IEA released its own monthly oil market..