Market: OPEC+ lowers its surplus forecast this year

LONDON (Reuters) – OPEC+’s joint technical committee has cut its forecast for the oil market surplus this year by 200,000 barrels a day to 800,000 barrels a day, three delegates from the organization told Reuters. .

The joint technical committee of OPEC + meets Tuesday ahead of a meeting scheduled for Wednesday of OPEC +, an alliance between the Organization of the Petroleum Exporting Countries (OPEC) and its allies, led by Russia.

On the occasion of this meeting on Wednesday, the group of oil-producing countries must decide on its production policy for next month.

According to one of the sources, the joint technical committee of OPEC+ did not discuss the subject of production policy during its meeting.

Last week, sources within OPEC+ told Reuters that the producer group is likely to keep output unchanged in September or increase it slightly.

(Report Ahmad Ghaddar and Alex Lawler, French version Matthieu Protard, edited by Nicolas Delame)

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