OPEC+ oil ministers point to a massive surplus early next year as their justification for sticking to a plan of only modest production increases. But those forecasts are built on fanciful numbers — and they’re wrong.
It doesn’t matter which of the three oil market forecasts presented last week to the OPEC+ group you look at, they all show the same thing in different degrees: The current tight oil market will soon evaporate, to be replaced by one in which supply is running ahead of demand and global stockpiles are rising again. That switch, however, is based on highly inflated estimates of the group’s own future production.
"really" - Google News
November 14, 2021 at 07:52AM
https://ift.tt/3HjClVc
What the Big Glasgow Deal Really Achieved: COP26 Daily - Bloomberg
"really" - Google News
https://ift.tt/3b3YJ3H
https://ift.tt/35qAk7d
Bagikan Berita Ini
0 Response to "What the Big Glasgow Deal Really Achieved: COP26 Daily - Bloomberg"
Post a Comment