Oil bosses expect market surplus to shrink over time

By Robert Harvey LONDON (Reuters) -The global oil market is set to tighten in the medium to longer term, recovering from short-term weakness, executives from oil majors and trading houses said on Tuesday. Rising output from OPEC+ - which groups the Organisation of Petroleum Exporting Countries and allies - as well as from other producers, together with expectations that trade tensions will lead to reduced demand have weakened oil prices this year. Brent futures traded around $62 a barrel on Tuesday - do ...