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Global oil reserves drawdown rate may more than double in coming months (legrandcontinent.eu)

· 70d ago · Report · Spotlight this ·
0xBASE INTEL BRIEF
  • Global oil reserves declined by 4.2 million bpd in March
  • US DOE sees acceleration to 8.5 million bpd in Q2
  • Forecast based on supply-demand trends

"Global oil inventories declined by 4.2 million barrels per day in March. The US Department of Energy forecasts the drawdown rate could accelerate to an average of 8.5 million barrels per day in the second quarter."

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