Global Oil Shortfall Looms Despite Output Gain and Soft Demand, U.S. Says

The US expects the global oil market to tighten by the end of 2023, even as crude production rises and demand for refined products remains soft. Crude consumption is set to outstrip supplies worldwide by 230,000 barrels a day in the fourth quarter, the US Energy Information Administration said Tuesday in a monthly report. The US … Read more

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