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's Novak: Global oil market is balanced now

Started by forex4you, Mar 18, 2025, 04:00 pm

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Mar 18, 2025, 04:00 pm
's Novak: Global oil market is balanced now

  • Global oil market is balanced now.
  • 's oil processing in 2025 will be higher than in 2024.
  • OPEC+ oil output rise by 100K bpd in April will not affect oil market.
  • n refineries are operating normally.
  • n market is supplied with oil products.
  • Global oil supply/demand balance will be maintained in April, we will keep an eye on it.
  • sees 2025 oil output at 515m-520m tones.
  • 's 2025 refinery runs may see growth.

                            This article was written by Giuseppe Dellamotta at www.forexlive.com.

Source: 's Novak: Global oil market is balanced now

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