The Big Oil Agencies’ Verdict on OPEC+ Pact: Glut Averted
IEA, OPEC and EIA data imply that oil production cuts should balance the market in the first half of 2019.
24bloomberg.By Julian Lee בינואר 2019, 03:00 GMT+2
Oil producing states in OPEC and beyond are going to prevent a buildup of global crude inventories in the first half of this year—assuming they can resist the temptation to cheat on a December pact to restrict supplies.
That’s the main takeaway from supply-and-demand studies of the oil industry’s most-watched organizations: the International Energy Agency, the U.S. Energy Information Administration, and the Organization of Petroleum Exporting Countries. This story will monitor and compare the evolution of the three agencies’ key market interpretations on an on-going basis.