VIENNA, Austria (Bloomberg) -- The global oil market will remain “fairly balanced” in 2014 as supply disruptions including delays at the Kashagan field in Kazakhstan prevent the build-up of a surplus, according to OPEC. The Organization of Petroleum Exporting Countries, responsible for 40% of the world’s oil supply, estimates it will need to provide an average of 29.8 MMbpd this year, about 100,000 bpd more than the group projected last month.
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OPEC sees balanced oil market in 2014
![OPEC sees balanced oil market in 2014]()
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