OGJ Newsletter

Market MovementIEA reports 'wall of crude' suppliesDespite oil supply disruptions in some key countries, other oil exporters have increased output to assure consumers will be adequately supplied. This, said the International Energy Agency in its latest Oil Market Report, has placed a "wall of crude" on the water waiting to arrive in key consuming regions. Exporters have been positioning crude in these regions to mitigate the potential impact of a prolonged supply disruption. Click here to enlarge imageMeanwhile, industry crude stocks in Organization for Economic Cooperation and Development countries are low, and product stocks are trending sideways. Amid heightened geopolitical u...

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