Analyse vom Reuters Ölspezialist John Kemp:
"Oil market set to move from rebalancing to tightening"
www.reuters.com/article/...g-to-tightening-kemp-idUSKBN1CZ0UE
"Excess stocks have been draw down by 180 million barrels since the start of 2017, although they are still 160 million barrels above the 2012-2016 average.
In practice, stocks at the five-year average would probably prove uncomfortably low given the big increase in oil demand since 2012.
Well before the five-year average is reached, spot prices and spreads will rise to move the market from production restraint/consumption growth to production growth/consumption restraint."
"Oil market set to move from rebalancing to tightening"
www.reuters.com/article/...g-to-tightening-kemp-idUSKBN1CZ0UE
"Excess stocks have been draw down by 180 million barrels since the start of 2017, although they are still 160 million barrels above the 2012-2016 average.
In practice, stocks at the five-year average would probably prove uncomfortably low given the big increase in oil demand since 2012.
Well before the five-year average is reached, spot prices and spreads will rise to move the market from production restraint/consumption growth to production growth/consumption restraint."