OPEC lowers call on its crude as it maintains market tightening efforts

OPEC has revised down its estimate of demand for its crude in 2023 and 2024 by 70,000 b/d, but continues to see the oil market tightening significantly up to the end of the year. In its monthly oil market report, the group said that the so-called call on OPEC crude will average 29.23 million b/d in 2023, rising to 30.2…OPEC has revised down its estimate of demand for its crude in 2023 and 2024 by 70,000 b/d, but continues to see the oil market tightening significantly up to the end of the year. In its monthly oil market report, the group said that the so-called call on OPEC crude will average 29.23 million b/d in 2023, rising to 30.2…  Read More