Yesterday I posted on:
Which is keeping the 400K output boost expectation on the simmer. OPEC+ has previously announced this plan and it seems unlikely to deviate at this meeting.
- forecast for global oil demand growth in 2022 remains unchanged at 4.2mn b/d
- expectations for growth have shifted from Q4 2021 to Q1 2022 now
- tighter supply-demand balances ahead are expected
