The global oil stocks surplus is close to evaporating, OPEC said on Thursday, citing healthy energy demand and its own supply cuts while revising up its forecast for production from rivals who have benefited from higher oil prices
Source: Reuters
https://www.reuters.com/article/us-opec-oil/opec-sees-oil-markets-tighten-further-even-as-u-s-shale-booms-idUSKBN1HJ1LT