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OPEC+ trims estimate of oil surplus in 2022 to 1 mbpd from 1.4 mbpd

OPEC+ trims estimate of oil surplus in 2022 to 1 mbpd from 1.4 mbpd

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Adam Button
27/06/2022 | 14:39 GMT
  • New estimate from OPEC+

This could be the precursor to OPEC shifting to more production. But at this point, the better question is how much spare capacity they even have.

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