AGL 39.18 Decreased By ▼ -0.82 (-2.05%)
AIRLINK 127.97 Decreased By ▼ -1.09 (-0.84%)
BOP 6.82 Increased By ▲ 0.07 (1.04%)
CNERGY 4.68 Increased By ▲ 0.19 (4.23%)
DCL 8.50 Decreased By ▼ -0.05 (-0.58%)
DFML 41.20 Increased By ▲ 0.38 (0.93%)
DGKC 82.17 Increased By ▲ 1.21 (1.49%)
FCCL 33.00 Increased By ▲ 0.23 (0.7%)
FFBL 73.99 Decreased By ▼ -0.44 (-0.59%)
FFL 11.81 Increased By ▲ 0.07 (0.6%)
HUBC 109.50 Decreased By ▼ -0.08 (-0.07%)
HUMNL 14.10 Increased By ▲ 0.35 (2.55%)
KEL 5.21 Decreased By ▼ -0.10 (-1.88%)
KOSM 7.64 Decreased By ▼ -0.08 (-1.04%)
MLCF 39.10 Increased By ▲ 0.50 (1.3%)
NBP 63.69 Increased By ▲ 0.18 (0.28%)
OGDC 192.75 Decreased By ▼ -1.94 (-1%)
PAEL 25.60 Decreased By ▼ -0.11 (-0.43%)
PIBTL 7.29 Decreased By ▼ -0.10 (-1.35%)
PPL 152.90 Decreased By ▼ -2.55 (-1.64%)
PRL 25.45 Decreased By ▼ -0.34 (-1.32%)
PTC 17.48 Decreased By ▼ -0.02 (-0.11%)
SEARL 82.12 Increased By ▲ 3.47 (4.41%)
TELE 7.60 Decreased By ▼ -0.26 (-3.31%)
TOMCL 33.34 Decreased By ▼ -0.39 (-1.16%)
TPLP 8.44 Increased By ▲ 0.04 (0.48%)
TREET 16.36 Increased By ▲ 0.09 (0.55%)
TRG 56.50 Decreased By ▼ -1.72 (-2.95%)
UNITY 27.55 Increased By ▲ 0.06 (0.22%)
WTL 1.36 Decreased By ▼ -0.03 (-2.16%)
BR100 10,495 Increased By 50.1 (0.48%)
BR30 31,049 Decreased By -140.2 (-0.45%)
KSE100 98,124 Increased By 325.4 (0.33%)
KSE30 30,634 Increased By 153 (0.5%)

LONDON: OPEC+ sees this year’s oil market as slightly less supplied than previously thought, a day ahead of a meeting at which the producer group is set to decide on its production policy for next month.

New data showed that the OPEC+ Joint Technical Committee (JTC), meeting on Tuesday, trimmed its forecast for a surplus in the oil market this year by 200,000 barrels per day (bpd) to 800,000 bpd, three OPEC+ delegates told Reuters.

The JTC is meeting ahead of a ministerial meeting of the Organization of the Petroleum Exporting Countries and allies led by Russia, known as OPEC+, on Wednesday.

One of the sources said that the JTC, which advises the group on market fundamentals, did not discuss any output policy at its meeting.

Oil edges up OPEC+ meeting eyed, global demand concerns weigh

OPEC+ sources told Reuters last week that the group will likely keep output unchanged in September, or raise it slightly.

Fox News reported on Monday that Saudi Arabia will push OPEC+ to increase oil production a on Wednesday, a Fox Business news reporter said on Monday.

Comments

Comments are closed.