“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.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
स्रोत: financialpost - 🏆 7. / 85 और पढो »