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Oil price buoyed as OPEC production sinks

Jun. 14, 2022 10:33 AM ETXOM, TTE, SHEL, USO, REPYY, ARMCO, CO1:COM, CL1:COMBy: SA News Team70 Comments

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  • OPEC released its Monthly Oil Market Report Tuesday, noting that Q2 oil demand expectations were reduced for the cartel, as China lockdowns impacted use; however, annual demand growth of 3.4mb/d was "broadly unchanged" as 2h demand expectations increased.

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