Opec trims output estimates again as rivals recover
The oil producer group is expected to restore more supplies, but there's growing concern over whether markets can absorb additional barrels
13 October 2020 - 19:48
The Organisation of Petroleum Exporting Countries (Opec) trimmed estimates for the amount of crude it will need to pump in the coming year, days before ministers are due to assess the effects of supply curbs on world markets.
The oil producer group downgraded supply forecasts as its rival producers in the US weather the impact of low prices, and as the resurgent pandemic continues to weigh on global demand...
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