Bed Bath & Beyond Inc.'s strategic update led with how the struggling home goods retailer would bolster its balance sheet, but also detailed a "back-to-basics" philosophy focused on driving more traffic and selling more merchandise. Read More...
Reuters
OPEC+ sees tighter market in 2022, risks to oil demand growth
The oil market will have a small surplus of just 0.4 million bpd in 2022, much less than forecast earlier, according to OPEC+, due to underproduction of its members, OPEC+ sources said. The report comes days ahead of an OPEC+ policy meeting on Sept. 5 and over a week after OPEC leader Saudi Arabia said the group may cut oil output. The Joint Technical Committee (JTC), which met on Wednesday, advises the Organization of the Petroleum Exporting Countries and allies led by Russia, collectively known as the OPEC+ group of oil-producing nations, on market fundamentals.
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