May 30, 2023

OPEC technical committee report sees a mild and short-lived impact from Omicron

Reuters cite a copy they have sighted of the JTC report:

  • expects the impact of the Omicron variant of COVID-19 to be mild and short-lived
  • world is better equipped to manage coronavirus
  • OPEC+ base scenario is that OECD stock of oil staying below 2015-2019 average until Q4

OPEC+ meet on January 4, earlier post on what to expect:

opec pic

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