OPEC sees strong oil demand in Q3, tight market into year-end

OPEC, which along with its allies is ramping up oil output, expects “very strong” oil demand in the third quarter and a tight supply-demand balance in the following months, its secretary general said, according to a Russian media report.

The eight members of the OPEC+ producer group, comprising the Organization of the Petroleum Exporting Countries and allies including Russia, are unwinding years of cuts that had been aimed at supporting