OPEC+ Sees Slower Oil Demand Recovery Amid New Lockdowns ...Middle East

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OPEC+ Sees Slower Oil Demand Recovery Amid New Lockdowns
source : OILPRICE ( Middle East ) () 35
An OPEC+ panel advising the group has revised down its global oil demand forecast for 2021 by 300,000 barrels per day (bpd) in light of the renewed lockdowns in Europe amid a third wave of the pandemic, Reuters reported on  Wednesday, citing a report from the Joint Technical Committee (JTC) it had seen. The committee met on Tuesday, beginning the monthly OPEC+ meetings that are expected to decide how the alliance will proceed with the production cuts in May. “The most recent edition of OPEC’s Monthly Oil Market Report projecting…

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