“Nobody wants to hold inventory, and I think we are, as a world, going toward lower inventory forward cover,” Amrita Sen, co-founder and director of research at Energy Aspects Ltd. said in a Bloomberg TV interview in June. “If you ask me what did I miss this year, it has been the rising cost of capital and what that’s doing to the market, which is destocking.”Take a two-million-barrel cargo with prices at, say, US$80 a barrel.
It all serves to increase the chances of the world having to get used to lower levels of oil inventories. The International Energy Agency forecasts a demand for OPEC crude and inventories of more than 30 million barrels a day over the second half of the year.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
La source: financialpost - 🏆 7. / 85 Lire la suite »