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Short-term Global Oil Service
World Oil Market Report - Global Oil Market Drivers
Published: 12 December, 2023
Highlights:
- Market Outlook: A turning point for prices is approaching
- Demand: Global oil demand set to grow by 1.6 mmb/d in 2024
- Supply: OPEC+ 1Q 2024 cuts will lead to 37.1 mmb/d of crude output
- Stocks: OPEC+ cohesion can put an end to recent bearish stocks trends
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