Supply/Demand balance for 2021,2022… EIA

January 14, 2021 by Jim Colburn Leave a Comment

The release of the EIA’s Short Term Energy Outlook on Tuesday gives us a look at their supply/demand estimates through 2022… The chart below shows the mismatch between supply and demand through the Covid19 crises… Looking ahead, the EIA shows demand and supply increasing in sync… They are looking at Brent prices around $53 from the 2Q21 through 2022… I wouldn’t sell vol on this… The link is here…

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