OPEC+: Supply shortage to be observed on the global oil market this year

OPEC+: Supply shortage to be observed on the global oil market this year
  • Clock-gray 14:12
  • calendar-gray 31 March 2021

Supply shortage on the global oil market may average 0.8 mln barrels per day in 2021 in a base case scenario, according to a copy of the OPEC+ technical committee’s report drafted to the meeting of the ministerial monitoring committee, APA-Economics reports citing TASS.

According to the report, the adjusted deficit outlook turned out lower than projected in March when the technical committee’s experts expected it at 1.2 mln barrels per day. 

Emil Ismayilov

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