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Latest Analysis / Short-term Global Oil Service

World Oil Market Report - Global Oil Market Drivers

Published: 11 April, 2024

Highlights:

  • Market Outlook: Two consecutive quarters of +$90/bbl not out of the question
  • Demand: Strong mobility fuel demand expected during the next six months
  • Supply: Higher prices lead to upwards revisions to US output in 2H
  • Stocks: Huge surge in oil on water keeps on-land stocks tight

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