Opec Report Silent on Dwindling Spare Capacity

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Austria OPEC Meeting
Ronald Zak/AP

Opec has maintained its forecast that oil demand will grow by 4.15 million barrels per day in 2022 and exceed 2019 levels, driven by a robust economic recovery from the Covid-19 pandemic in China, India and other non-OECD countries.

Oil Supply, Oil Demand, Opec-Plus Supply , Non-Opec Supply
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