Global oil supply, demand and prices have become clear, despite the fog of war. Global oil supply, demand and prices have become clear, despite the fog of war, according to a new report from Enverus Intelligence Research (EIR), a subsidiary of Enverus, which was sent to Rigzone recently. In the report, EIR now projects stock draws through 2022 until the fourth quarter of this year, which the company says is mostly in balance as demand growth eases, reflecting lower supply and easing demand as higher prices bite. EIR outlined in the report that it has has halved its forecast for oil demand growth in 2022 and said GDP downgrades will erode that view further in the coming month. The company says its Brent price forecast is now “anchored” above $100 per barrel, reflecting tighter balances on the back of the Ukraine war. EIR also warned that the March surge […]