Oil warnings. The International Energy Agency warned on Tuesday that oil supplies will get significantly tighter in the coming months if OPEC+ countries don’t reach a deal to ramp up production. It said oil demand in June had increased to 96.8 million barrels per day, just 3 percent below pre-pandemic levels, and that OECD stocks […]
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Daily Memo: Concerns Over Oil Supply
Inventories for major developed nations are well below historical averages.
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