OPEC+ sees worsening oil surplus Q1, 2022 - document

1 minute read

A 3D printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration

Register now for FREE unlimited access to Reuters.com

LONDON, Dec 1 (Reuters) - OPEC+ sees the oil surplus worsening to 2 million barrels per day (bpd) in January, 3.4 million bpd in February and 3.8 million bpd in March next year, an internal report seen by Reuters showed.

"Generally, the impact of Omicron seems to be jet-fuel related for now, particularly in Africa and Europe," the report said.

"Transportation fuel demand within Europe might be also affected," it added.

Register now for FREE unlimited access to Reuters.com
Reporting by Ahmad Ghaddar; Editing by Alex Richardson

Our Standards: The Thomson Reuters Trust Principles.