Tag: global oil flows
World Oil Supply, Demand And Price Outlook, September 2018
The Energy Information Administration released its Short-Term Energy Outlook for September, and it shows that OECD oil inventories likely bottomed in July at 2.804 billion barrels. It shows inventories rising in the third quarter, contrary to the usual seasonal trend. However, it forecasts that stocks will drop in December to 2.798 billion after the Iranian […]
Major Oil Buyers Are Quietly Prepping For A Supply Shock
Continuing major changes in global oil flows this week. With big consumers like Indian Oil Corp and South Korean refiner SK Innovation making their first-ever purchases of U.S. crude exports. And in Iran this week, the nation saw its first crude swaps in 7 years — with shipments of oil arriving in Caspian ports from Turkmenistan, to be swapped with shipments […]
