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Latest Analysis / Short-term Global Oil Service

World Oil Market Report - Global Oil Market Drivers

Published: 12 November, 2023

Highlights:

  • Market Outlook: Balances are bearish – what can stop prices falling further?
  • Demand: Outlook for 2023 remains unchanged, but lowered for 2024
  • Supply: Faster than expected non-OPEC growth pushes “call on OPEC+” lower in 2024
  • Stocks: Year-end 2023 stocks’ balance looking less ...

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