{"id":489370,"date":"2022-05-05T10:28:24","date_gmt":"2022-05-05T04:58:24","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=489370"},"modified":"2022-05-05T12:05:38","modified_gmt":"2022-05-05T06:35:38","slug":"opec-sees-bigger-2022-surplus-amid-slower-demand-growth","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/opec-sees-bigger-2022-surplus-amid-slower-demand-growth\/","title":{"rendered":"OPEC+ sees bigger 2022 surplus amid slower demand growth"},"content":{"rendered":"<p>OPEC+ sees a surplus of 1.9 million barrels per day (bpd) in 2022, 600,000 bpd higher from a previous forecast, amid expectations of slower demand growth this year, a report seen by Reuters showed on Wednesday. <\/p>\n<p>The report, prepared ahead of a meeting of the OPEC+ Joint Technical Committee meeting scheduled for Wednesday, also sees OECD oil stocks slightly exceeding the 2015-2019 average in the fourth quarter.<\/p>\n<p>The revision reflects a weaker oil demand growth forecast adopted by the Organization of the Petroleum Exporting Countries (OPEC) in its April oil monthly report. <\/p>\n<p>OPEC now expects 2022 world oil demand to expand by 3.67 million bpd 2022, down 480,000 bpd from its previous forecast.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>OPEC+ sees a surplus of 1.9 million barrels per day (bpd) in 2022, 600,000 bpd higher from a previous forecast, amid expectations of slower demand growth this year, a report seen by Reuters showed on Wednesday. The report, prepared ahead of a meeting of the OPEC+ Joint Technical Committee meeting scheduled for Wednesday, also sees OECD oil stocks slightly exceeding the 2015-2019 average in the fourth quarter. The revision reflects a weaker oil demand growth forecast adopted by the Organization of the Petroleum Exporting Countries (OPEC) in its April oil monthly report. OPEC now expects 2022 world oil demand to [&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-489370","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\/489370","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=489370"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/489370\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=489370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=489370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=489370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}