US, OECD inventories back to five-year average… EIA

May 30, 2018 by Jim Colburn Leave a Comment

Here is the EIA’s,”Today in Energy”:

”Global petroleum inventories declined through 2017 and the first quarter of 2018, marking the end of an extended period of oversupply in global petroleum markets that began before the Organization of the Petroleum Exporting Countries (OPEC) November 2016 agreement to cut production. OPEC plans to reconvene on June 22, and markets now appear more in balance, but uncertainty remains going forward.”

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