A strong recovery in global oil supplies helped the market to return to a surplus in October for the first time since the start of the Middle East conflict. But while this is a notable milestone on the path to recovery, rebuilding depleted oil stock inventories – which is key to allowing oil prices to trend lower – will require oil flows sustaining sizeable surpluses into 2027.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.
