The oil market’s fundamentals continue to improve, with demand looking more robust and offsetting higher supply expectations. We are still experiencing excess amounts of crude, but this will continue to clear through the system. By the end of next year, markets should be comfortably balanced if the EIA’s data ends up being accurate. Looking for a helping hand in the market? Members of Crude Value Insights get exclusive ideas and guidance to navigate any climate. Get started today ยป Global oil markets are in a constant state of change. Low prices lead to lower output, which can lead to the market overshooting in terms of production cuts. The opposite happens when prices are high. Regionally, there can be inconsistencies. While inventories may surge in one part of the world, the high cost of moving crude to other nations can result in appropriate balances, or even shortages, elsewhere. Some […]