OPEC's extended production cuts and reduced non-OPEC growth will create a reliance on OPEC barrels, giving them leverage to set higher oil prices. Despite current low WTI prices, we anticipate a ...
Output for January 2025 was revised higher by 9 kb/d and February 2025 output was revised lower by 6 kb/d compared to last month’s report. OECD commercial stocks remain well below the 5-year average, ...