Energy Market Analysis

摘要

Oil prices remained high over the last month, but multiple signals indicate that both short-term and long-term price pressure could fall. Supply - demand fundamentals eased as Saudi Arabia maintained a 30-year high for daily output at 10m bbl/d and filled its storage tanks. OPEC demonstrated that it can replace lost Iranian volumes, as OPEC supply was near a three and a half year high in March. Global oil stocks were healthier than earlier this year amid sluggish global demand.