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Latest Analysis / Short-term Global Oil Service

World Oil Market Report - Global Oil Market Drivers

Published: 9 February, 2024

Highlights:

  • Market Outlook: Price forecast inches higher on tighter stocks and capacity outlook
  • Demand: Global oil demand has recovered fully, despite jet/kerosene being left behind
  • Supply: January 2024 output revised down over 800 kb/d on unplanned outages
  • Stocks: Unplanned outages result in bigger than expected ...

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