Oil going into surplus in 2024

Oil is going into surplus. 

Update 16-feb-2024

Some forecasts are even worse.

Oil demand

Oil demand is rising.

Update 16-May-2023

EIA and OPEC Forecast Oil To Plunge

The EIA forecasts oil to plummet. 

And OPEC expects an oil surplus in Q1 2022.

Oil is looking bullish

EIA outlook:

Oil demand is coming back as air traffic and vehicles are getting on the road again.

Oil demand is going to come down as oil rigs close down.