Potential fuel production outages during the upcoming U.S. hurricane season could tighten the Atlantic Basin market in the coming weeks, OPEC said in its Monthly Oil Market Report (MOMR) on Thursday. The cartel is upbeat on the “stability of the global oil market” amid lower-than average gasoline and middle distillate inventories in the United States and Europe and expectations of healthy fundamentals in the second half of 2023.
“Despite the current elevated level of global refinery runs, gasoline and middle distillate…OPEC: Robust Demand, U.S. Hurricane Season Could Tighten The Market
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