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Foreign News reported on May 31 that the OPEC secretariat submitted a document to the Joint Technical Committee (JTC) that the OPEC secretariat believes that the current oil market prospects are more severe than those during the meeting last month
.
The oil market supply shortage this year is expected to average 1.
4 million barrels per day, and in April it is expected to be 1.
2 million barrels per day
.
OPEC maintained its forecast for the growth rate of global oil demand in 2021 at 6 million barrels per day, but lowered its expectations for the supply of crude oil to competitors
.
The document also shows that OPEC expects that from September to December this year, crude oil inventories will fall by more than 2 million barrels per day
.
.
The oil market supply shortage this year is expected to average 1.
4 million barrels per day, and in April it is expected to be 1.
2 million barrels per day
.
OPEC maintained its forecast for the growth rate of global oil demand in 2021 at 6 million barrels per day, but lowered its expectations for the supply of crude oil to competitors
.
The document also shows that OPEC expects that from September to December this year, crude oil inventories will fall by more than 2 million barrels per day
.