Vitol says OPEC+ will have to keep output cuts as new supply hits market
January 10, 2024 Comments Off
OPEC+ will have to maintain production cuts for this year as new supply continues to reach the market from countries such as the US, Guyana, Venezuela and Brazil, top commodities trader Vitol’s head of Asia Mike Muller told a webinar Jan. 10. Even with a “healthy kick” in demand estimated to grow 1.7 million-1.8 million b/d this year, OPEC+ will…
Vitol says OPEC+ will have to keep output cuts as new supply hits market
OPEC+ will have to maintain production cuts for this year as new supply continues to reach the market from countries such as the US, Guyana, Venezuela and Brazil, top commodities trader Vitol’s head of Asia Mike Muller told a webinar Jan. 10. Even with a “healthy kick” in demand estimated to grow 1.7 million-1.8 million b/d this year, OPEC+ will…
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