SP Global Mar 15 - OPEC keeps demand steady BUTUkraine war would cut investment...well surely it will cut investment in Russia...bullish long-term
Reference:
https://www.spglobal.com/commodity-insights/en/market-insights/latest-news/oil/031522-opec-keeps-2022-demand-outlook-steady-says-long-ukraine-war-would-cut-investments "OPEC keeps 2022 demand outlook steady, says long Ukraine war would cut investments
With the bloc pumping 28.47 million b/d in February, up 440,000 b/d from January, according to secondary sources used by OPEC to track output, the group is still challenged to meet demand.
Many analysts have noted shrinking OPEC spare production capacity, which is mostly concentrated in Saudi Arabia and the UAE, while several other countries appear to be already pumping as much as they can or at severe risk of disruptions.