OPEC’s analysts on Dec. 14 painted a much gloomier view of the oil market in 2021 -– and yet indicated that the bloc and its allies can afford to be more aggressive with their planned increase in crude production in the months ahead. Receive daily email alerts, subscriber notes & personalize your experience. Register Now In its closely watched oil market report, OPEC revised down its estimate of global demand from last month’s forecast by a chunky 1 million b/d for the first quarter of 2021 and 620,000 b/d for the second quarter, citing high uncertainty about the trajectory of COVID-19, as well as societal shifts away from travel. Even so, the analysis showed that the so-called call on OPEC -– or how much of […]