|2019-06-21 來源： 中國石化新聞網|
王佳晶 摘譯自 今日油價
Global Oil Market Surprisingly Oversupplied
Despite OPEC oil production cuts , the world seems to be oversupplied with crude oil, with the excess amounting to some 90 million barrels above the average 2018 level, according to energy data provider Kayrros.
The company said global oil inventories rose by as much as 40 million barrels in May alone on the back of weaker demand from refiners and end consumers as well as the steady and strong growth in U.S. light crude production. What’s more, total OPEC exports are not falling.
This rapid growth in global inventories coupled with fast-rising U.S. production will likely reinforce OPEC’s determination to extend the production cuts that were originally due to end this month. Even though some OPEC members, such as minor producer Equatorial Guinea, say the cartel is comfortable with current price levels, chances are not everyone is equally happy with Brent at US$60.
The next OPEC+ meeting when the course will be set for the next six months was initially scheduled for this month. It was, however, delayed by request from Moscow, which fueled further speculation about the immediate future of oil’s fundamentals. The date of the meeting may have finally been set: Reuters reported earlier it will take place on July 1 and 2, citing unnamed sources.