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Latest Analysis / Short-term Global Oil Service

World Oil Market Report - Global Oil Market Drivers

Published: 12 March, 2024

Highlights:

  • Market Outlook: $90/bbl in sight as OPEC+ plans tighten forward balances
  • Demand: More evenly distributed growth expected in 2024
  • Supply: OPEC+ extends cuts into 2Q 2024 and Russia shifts cut policy
  • Stocks: 2Q 2024 global balances flip to small deficit due to OPEC+ cuts extension and Russian policy ...

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