OPEC sees smaller 2020 oil surplus ahead of policy meeting - Reuters:
OPEC said on Thursday it expected demand for its oil to fall in 2020 as rivals pumped more despite a smaller surplus of crude in the global market, building a case for the group to maintain supply curbs when it meets to discuss policy next month.
In its last monthly report before the Dec. 5-6 talks, OPEC said demand for its crude would average 29.58 million barrels per day (bpd) next year, 1.12 million bpd less than in 2019.
That points to a 2020 surplus of about 70,000 bpd, which is less than indicated in previous reports.
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