OPEC forecasts 1 mln barrels deficit at world oil market in Q2 2019
Astana. June 17. KazTAG - OPEC expects 1 mln barrels deficit on the world oil market in the second quarter 2019, reports the association of financiers of Kazakhstan.
"The deficit on oil market may amount to one million barrels in the second quarter 2019 in comparison to the current level of production, it may positively affect the prices," reads the report.
"In general OPEC oil market review in June was quite positive from the point of view of prices growth. The volume of oil import by the US, China and India increased, margin of oil processing grew up, OPEC oil production dropped, oil market is close to deficit. Among the negative trends, there was a downgrade in prognosis of demand and increase of commercial oil stocks in OECD states," reads the message.
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