Global Oil Supplies Are Decreasing, along with Inventories, but...

#nojs-banner { position: fixed; bottom: 0; left: 0; padding: 16px 16px 16px 32px; width: 100%; box-sizing: border-box; background: red; color: white; font-family: -apple-system, "Segoe UI", Roboto, Helvetica, Arial, sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol"; font-size: 13px; line-height: 13px; } #nojs-banner a { color: inherit; text-decoration: underline; } This site requires JavaScript to run correctly. Please turn on JavaScript or unblock scripts

Global Oil Supplies Are Decreasing, along with Inventories, but...

Summery: Oil exports of OPEC+ members, Brazil, Norway, and the US have been decreasing recently. Also, global commercial oil inventories have been decreasing. Yet, oil prices remain relatively low. Why? Below is an explanation (with 6 charts)

This post is for paid subscribers