IEA ''Loses'' 200 Million Barrels Of Crude Oil
There is a 200-million-barrel gap between the agency’s own global inventory calculations and what it observed in the global oil supply
Source: oilprice.com
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IEA Turns Bullish On Oil, Raises Demand Growth Forecast
The IEA raised its demand growth estimates by 200,000 bpd for both 2021 and 2022, noting that Omicron has had a much milder impact on oil markets than previously expected
Source: oilprice.com
Russia To Struggle With Oil Production Increase Under OPEC+ Deal
Russia, the leader of the non-OPEC producers in the OPEC+ pact, is unlikely to deliver all the 100,000 bpd monthly increases under the agreement this year
Source: oilprice.com
A Watershed Moment That Could Send Oil Prices To $100
Porfolio manager Eric Nutall is the last of a large number of industry insiders that sees $100 oil, citing the exhaustion of OPEC+ spare capacity as a very-bullish watershed moment
Source: oilprice.com
Oil Prices Jump Over 3% Ahead Of Inventory Data
Oil prices jumped more than 3% on Tuesday afternoon in the runup to the much-watched API crude oil inventory data report
Source: oilprice.com