US EIA Concedes Middle East Supply Disruptions are Far Worse Than Prior Estimates

By Shariq Khan and Scott Disavino EIA now sees Middle East oil supply losses peaking at 10.8 mln bpd in May Global oil inventories expected to fall 2.6 mln bpd this year, keeping prices elevated EIA cuts global oil demand growth forecast, cites high prices and demand ​destruction NEW YORK, May 12 (Reuters) – The … Read more