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Next year, the global oil market may return to oversupply

 Last Update: 2022-11-26
 Source: Internet
 Author: User

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dow jones numbers

growth

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According to Dow Jones on September 14, Capital Economics expects that global oil production will eventually exceed demand next year, and expects OPEC production to rise, although Iran's oil production is expected to decline
.
The company also believes U.
S.
production will increase
further as infrastructure constraints are resolved.
At the same time, it expects a slowdown in countries such as China and the United States, leading to a marked slowdown
in oil demand growth.

petroleum

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