JPMorgan says rising exports, weak demand push global oil market into surplus
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4 Articles
JPMorgan says rising exports, weak demand push global oil market into surplus
The global oil market is moving back into surplus after months of disruption caused by conflict in the Middle East, as recovering exports from the region and weaker global demand combine to push supply ahead of consumption, JPMorgan said in a note on Wednesday.
The world crude oil market again recorded a scenario of surplus after months of volatility and logistical disruptions caused by the geopolitical conflict in the Middle East. The combination between the gradual upturn in exports from the Persian Gulf and a contraction in global consumption placed supply above demand [...] The JPMorgan entry warns that the oil market returns to the surplus was first published in Information Focus.
www,finanzasdigital.com The world market for crude oil re-registered a surplus scenario after months of volatility and logistical disruptions caused by the geopolitical conflict in...
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