In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy and metals sectors. Each week we’ll dig into some data and provide a bit of explanation on what drives the numbers. Let’s take a look. 1. Oil market entering supply deficit • The OPEC+ cuts have likely already tipped the oil market into a supply deficit, according to Barclays. • OECD inventories fell dramatically over the past two years, and came back to the five-year average in 2018, where they have mostly remained. • The OPEC+ cuts quickly headed off a renewed surplus, and will likely drain inventories over the course of this year. Inventories are set to fall below the five-year average. • Still, Barclays says the market return to balance or even a small surplus in the […]