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OPEC+ will reach 2019-levels of global oil inventories later this year. The Asia head of Vitol, the world’s largest independent oil trader, stated that demand is recovering in China, and the U.S. has lagged in production growth.

OPEC+ wil reach oil inventory goal later this year

OPEC+ will reach 2019-levels of global oil inventories later this year. The Asia head of Vitol, the world’s largest independent oil trader, stated that demand is recovering in China, and the U.S. has lagged in production growth.

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