In the last quarter of 2023, the global oil market may face the largest deficit in 16 years. The agency reports this with reference to the latest OPEC report. Bloomberg.
According to the agency, the supply shortage could be around 3.3 million barrels per day. The reason for this possible shortage was Saudi Arabia’s decision to continue cutting daily production by 1 million barrels.
According to Bloomberg calculations, the daily oil deficit in the world market increased 18 times in the last six months, reaching 1.8 million barrels. The oil shortage has caused oil prices in London to exceed $90 per barrel.
Previously reportedHe said that the US Department of Energy made a change in its 2023 Brent oil price forecast and increased the relevant figure to $84.46 per barrel.
The previous estimate had fuel costs of $82.62 per barrel. At the same time, the American ministry predicts that Saudi Arabia’s decision to reduce oil production by 1 million barrels per day will lead to a decrease in global reserves of such resources.
Previously recognizedWhen oil prices fall to $50 per barrel.