Saturday, November 22, 2025
Ahead of talks, OPEC forecasts point to oil supply deficit in August- oil and gas 360

Ahead of talks, OPEC forecasts point to oil supply deficit in August

Reuters LONDON – OPEC’s forecasts point to an oil supply deficit in August and in the rest of 2021 as economies recover from the pandemic, suggesting the group and its allies have room to raise output at a meeting this week. The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, is returning 2.1 million barrels per day