Global inventory builds of petroleum and other liquid fuels will average 900,000 b/d in 2016, slowing down from 1.9 million b/d in 2015, according to the July Short-Term Energy Outlook from the US Energy Information Administration. EIA also expects the market to reach balance in 2017, with inventory draws during the second half of the year averaging 300,000 b/d.

Source: News

Global inventory builds of petroleum and other liquid fuels will average 900,000 b/d in 2016, slowing down from 1.9 million b/d in 2015, according to the July Short-Term Energy Outlook from the US Energy Information Administration. EIA also expects the market to reach balance in 2017, with inventory draws during the second half of the year averaging 300,000 b/d.

Source: News