Oil markets showing signs of tightening
Growing global demand and supply cuts point to a potential reversal in oil markets
Growing global demand and supply cuts point to a potential reversal in oil markets
Set to average a record 101.9 million barrels per day, up by two million bpd from 2022
India is shipping 89,000 barrels of gasoline and diesel to the U.S. daily
Could easily employ sanctions-avoiding mechanisms perfected by Iran
Thanks mainly to China finally emerging from its Covid-19 lockdowns
The price of oil could end up anywhere between US$70 to US$121
Could reduce its daily oil output by as much as seven per cent over the next few weeks