OPEC is preparing to replace the 'call on OPEC' forecast of global demand for the cartel's crude oil with 'call on OPEC crude' in its closely-watched monthly oil market report
is preparing to replace the ‘call on
needs to produce for a balanced supply-demand picture on the market is expected to be published in the Monthly Oil Market Report MOMR for May, scheduled to be released on May 14, sources close to the matter told Reuters this week. Demand for crude from the producers that form part of the Declaration of Cooperation DoC – as
crude’, per Reuters’ sources. In April, crude in 2025 is expected to reach about 29.0 million bpd, up by 400,000 bpd over the level expected for 2024. The was before the alliance was created at the end of 2016, to address the market and price slump of 2015-2016 following the glut in 2014. now has over the market is the fact that analysts have started to speculate how the next
would have liked it. With Brent Crude prices falling since mid-April to the low $80s per barrel, the
MOMR Oil Oil Supply Energy Output Cuts
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