Daily Memo: Concerns Over Oil Supply

Inventories for major developed nations are well below historical averages.

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.