Business & Finance

Reuters ahead with news on OPEC+ sees oil market deficit despite weaker demand

Reuters was ahead with news that OPEC+ is anticipating a deficit in the oil markets for the rest of 2021 amid deep production cuts and despite weak demand due to rising coronavirus lockdowns. The analysis was presented in an internal report by OPEC and allies, which Reuters was first to obtain from sources. Oil prices rose 2% to a 12-month high of above $58 per barrel on the news.

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Europe
Countries: England
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story
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