and the price will fall when peace comes; and energy stocks must already be fairly valued after such a strong rally over the past two years.Article content
Global inventory levels entered 2022 at already low levels and look to decline further to multi-year lows even with strategic petroleum reserve releases. Adjusting for what should be a temporary soft spot for Chinese demand due to regional lockdowns, the oil market is estimated to be undersupplied by one to 1.5 million barrels per day.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: