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Latest Analysis / Short-term Global Oil Service

World Oil Market Report - Global Oil Market Drivers

Published: 16 January, 2024

Highlights:

  • Market Outlook: Bullish mid-year still expected, but headwinds will return as 1Q 2025 comes into view
  • Demand: Continued demand strength in 2024 driven by lower prices and light ends
  • Supply: OPEC+ likely to increase supply in 2H 2024 as call on OPEC+ rises
  • Stocks: Contra-seasonal January draw expected ...

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