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OPEC’s First 2023 Outlook Shows No Relief From Oil Squeeze

  • Demand growth to surpass supply by 1 million barrels a day
  • OPEC members already falling far short of this year’s targets

Photographer: Lisi Niesner/Bloomberg

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OPEC’s first oil-market outlook for 2023 suggests no relief for squeezed consumers, with more crude needed from the group even though most members are already pumping flat out.