OPEC+ Concerned About India’s Oil Demand ...Middle East

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OPEC+ Concerned About India’s Oil Demand
source : OILPRICE ( Middle East ) () 11
The Joint Technical Committee of OPEC+ is concerned about the growing case numbers in India, Japan, and Brazil, Reuters sources said on Monday. The Joint Technical Committee, or JTC, is responsible for assessing oil market fundaments. It is also tasked with monitoring which member countries are complying with the production cut quotas and which are not. The JTC is not changing its oil demand outlook at this time, but the group is keeping an eye on surging coronavirus cases in some substantial oil importers. India, for one—the world’s…

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