Tag: S&P Global Platts

US EIA data shows global oil supply/demand re-balance may be underway

Brent’s contango narrowed sharply Monday, suggesting that a tightening of the global supply and demand balance could already be underway While oil futures have rallied this past week over talk of a more balanced global market, any prolonged price increase must grapple with bloated US crude oil inventories just as the market enters its typical […]