Global Oil Stockpiles Due to fall in Second Half 2023 – Prices Expected to Rise in 2024 – EIA

Global oil inventories are expected to fall by 200,000 bpd in the second half of 2023 due to voluntary output cuts from Saudi Arabia and reduced production among OPEC+ countries, the U.S. Energy Information Administration said on Wednesday. The lower inventories, which are forecast to keep global oil supply below consumption, are likely to boost … Read more

Leave a Comment