OPEC and non-OPEC committee said to see oil market rebalancing by Q3 - report

Author: Justin Low | Category: News

According to a report by Bloomberg, citing people familiar with the matter


Says that the latest discussions of the joint technical committee of OPEC and non-OPEC nations in Vienna concluded that the oil market will see a rebalancing between Q2 and Q3 this year. This comes as global inventories shrank further in February, the report mentions.

It's pretty much the same timeline still as from the last round of discussions here, with the same scenario assumptions for Libya and Nigeria as well.

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