Daily Memo: Concerns Over Oil Supply

Inventories for major developed nations are well below historical averages.

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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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Geopolitical Futures (GPF) was founded in 2015 by George Friedman, international strategist and author of The Storm Before the Calm and The Next 100 Years. GPF is non-ideological, analyzes the world and forecasts the future using geopolitics: political, economic, military and geographic dimensions at the foundation of a nation.