OPEC+ decision to keep increasing oil output feeds expectations for a 2022 surplus - Capital Economics

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OPEC+ decision to keep increasing oil output feeds expectations for a 2022 surplus

01 September, 2021CNBC

With the group’s policy unchanged, Bain said Capital Economics expects the gradual return of OPEC+ oil supply in the coming year to put “downward pressure on prices.” The market will likely remain in a deficit in the fourth quarter of this year, then swing into a supply surplus early next year, she said.

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