▲ 20 r/oil
Quick question about inventories
Hi,
Just looking at IEA data , suggesting that “total global observed” crude inventories having only just dipped below 8 billion barrels. The volume of inventory seems very high , why isn’t the crude market considered ridiculously well supplied?
What technical detail am I missing regarding these inventory figures?
Thanks,
u/Impossible_Ad_8365 — 7 days ago