JPMorgan, HSBC Say Oil Supplies are Recovering From Middle East Disruption

(Reuters) – The global oil market has moved back into surplus after months of disruption caused by US-Israeli war with Iran, JPMorgan said in a note on Wednesday, while HSBC raised its forecasts for Saudi Aramco crude oil production. JPMorgan estimates the global oil market returned to a surplus of 1.1 million barrels per day … Read more