{"id":471793,"date":"2022-02-28T11:11:52","date_gmt":"2022-02-28T05:41:52","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=471793"},"modified":"2022-02-28T12:11:29","modified_gmt":"2022-02-28T06:41:29","slug":"opec-trims-2022-oil-market-surplus-forecast-in-latest-data-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/opec-trims-2022-oil-market-surplus-forecast-in-latest-data-2\/","title":{"rendered":"OPEC+ trims 2022 oil market surplus forecast in latest data"},"content":{"rendered":"<p>OPEC+ revised down its forecast for the 2022 oil market surplus by about 200,000 barrels per day (bpd) to 1.1 million bpd, according to a base scenario in a technical committee report seen by Reuters on Sunday. <\/p>\n<p>The data &#8211; part of a report the Joint Technical Committee (JTC) prepares for OPEC+ ministers &#8211; also shows stocks in the developed world standing at 62 million barrels below the 2015 to 2019 average by the end of the year.<\/p>\n<p>In a previous forecast it had predicted the stocks would reach 20 million barrels above the same average by that point. <\/p>\n<p>Ministers from the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, a grouping known as OPEC+, meet on March 2 to decide whether to increase output by 400,000 bpd in April.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>OPEC+ revised down its forecast for the 2022 oil market surplus by about 200,000 barrels per day (bpd) to 1.1 million bpd, according to a base scenario in a technical committee report seen by Reuters on Sunday. The data &#8211; part of a report the Joint Technical Committee (JTC) prepares for OPEC+ ministers &#8211; also shows stocks in the developed world standing at 62 million barrels below the 2015 to 2019 average by the end of the year. In a previous forecast it had predicted the stocks would reach 20 million barrels above the same average by that point. Ministers [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,177],"tags":[],"class_list":["post-471793","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/471793","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=471793"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/471793\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=471793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=471793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=471793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}