Exclusive Crude Report: Global crude markets: Is the worst behind us?

Exclusive Crude Report: Global crude markets: Is the worst behind us?

This report explores the supply and demand dynamics of global crude markets, diving deep into crude market drivers and balances. Key themes explored include the weakness observed in crude demand over recent months and the outlook as we head into peak summer demand, ample crude supplies, especially on light-sweet and the strong reversal in on and offshore storage observed in June.

19 June, 2024
Armen Azizian
Armen Azizian, Senior Oil Risk Analyst
Key report takeaways:
  • Supply-driven market with too much non-Opec+ oil exported
  • Even bigger oversupply in products sheds poor light on crude demand
  • But oil in the supply chain is relatively tight
  • Contingent on OPEC+ discipline, pricing is set to strengthen over Q3
Download report
Armen Azizian
Senior Oil Risk Analyst
Vortexa
Armen Azizian
Armen is a Senior Oil Risk Analyst at Vortexa, analysing global crude markets to extract value for clients. He closely tracks sanctioned crude flows, fleet changes and storage, focusing on Iran, Russia and Venezuela to understand the implications on the wider market.

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Exclusive Crude Report: Global crude markets: Is the worst behind us?
Exclusive Crude Report: Global crude markets: Is the worst behind us?
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