
OPEC points to smaller 2026 oil supply deficit as OPEC+ pumps more
(Investing) – LONDON -World oil supply is expected to closely match demand next year as the wider OPEC+ group increases production, an OPEC report showed on Monday, marking a change from last month’s outlook, which projected a supply shortfall in 2026. OPEC+ is adding more crude to the market after the Organization of the Petroleum Exporting Countries, Russia and other allies