Intelligence Grounding: Reuters reported OPEC+ is set to keep oil output policy unchanged on Sunday, sustaining collective reductions of ~5.86 mb/d (formal targets + 2.2 mb/d voluntary pledges).
Implied Market Balance
-0.48 mb/d
Global Deficit (Draw: 480 kb/d)
OPEC+ Liquids Supply
40.62 mb/d
5.86 mb/d collective cuts
Global Demand Assumption
104.20 mb/d
Non-OPEC: 53.10 mb/d + 10.0 mb/d NGLs
OECD Forward Cover
58.4 Days
-1.4 days vs 5-yr avg
Member Quota & Compliance Matrix
Units: mb/d| Member | Target | Vol Cut | Compliance | Prod. |
|---|
Global Liquids Balance & Inventory Projection
Surplus Build
Deficit Draw
Demand Path