OIL & GAS

OPEC Takes a More Bullish View of the Oil Market in 2022

There’s going to be an oil-supply crunch in the summer of 2022. At least that’s the latest view from the analysts at OPEC, and it stands in stark contrast to the other major forecasting agencies.

The International Energy Agency, the U.S. Energy Information Administration and the Organization of Petroleum Exporting Countries all increased their assessments of global oil demand growth next year. But while the increases made by the IEA and EIA were modest, the oil producer group’s revision was anything but

Source
Bloomberg
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