A rise in oil demand growth this year will be offset by a sharper increase in non-OPEC supply, the producer group said in its monthly oil market report published Wednesday. “Continued accommodative monetary policies, coupled with an improvement in financial markets, could provide further support to ongoing increases in non-OPEC supply,” the report said, adding that OPEC+ cuts remain essential in maintaining stability in the oil market. This comes a month after the producer group and its allies decided to deepen its output cuts from 1.2 million b/d to 1.7 million b/d from January through March 2020. The pace of supply growth will continue to outpace […]