OPEC+ Sees Smaller Oil Market Surplus Before Ministers Meet
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OPEC+ technical experts revised down their expectations for the oil market surplus, the day before ministers meet to set production policy for April.
The group has revised down the forecast for this year’s daily oil surplus by about 200,000 barrels to 1.1 million barrels, according to the base-case in a report that will be reviewed by OPEC+ experts later on Tuesday.