OPEC sees balanced oil market by late 2018 as cuts erode glut

OPEC sees balanced oil market by late 2018 as cuts erode glut
WESPECH PTE LTD
8 Eu Tong Sen Street #14-94, The Central, Singapore (059818)
+65 315 904 24

15.12.2017

MOSCOW (MRC) — OPEC expects the world oil market to be balanced by late 2018 as its deal with other producers to cut output reduces excess oil in storage, even as US and other producers outside the group pump more crude, said Reuters.The Organization of the Petroleum Exporting Countries, in a monthly report, cut its estimate of global demand for its crude in 2018 by 270,000 bpd to 33.1

Full article at mrcplast.com

Back

news