OPEC+ Unwinding Cuts Leaves Market Miraculously Balanced

OPEC+ Unwinding Cuts Leaves Market Miraculously Balanced

OPEC+ is expected to modestly raise July production targets by 411,000 bpd, but actual output increases will likely be smaller due to overproduction adjustments and operational issues in some countries.

Standard Chartered Expects OPEC 8 to 'Continue with Accelerated Unwinding'

'Adding a further 411,000 barrels per day to targets for July would bring the cumulative unwinding over four months to 1.4 million barrels per day', analys...