EIA sees rebalanced oil market by 2021

THE US Energy Information Administration believes OPEC+ cuts agreed to in April as a result of an oversupplied market, the falling oil price and demand reduction thanks to pandemic-related travel restrictions will see the oil market “relatively balanced” by the end of next year. 

EIA sees rebalanced oil market by 2021 EIA sees rebalanced oil market by 2021 EIA sees rebalanced oil market by 2021 EIA sees rebalanced oil market by 2021 EIA sees rebalanced oil market by 2021
It expects oil inventories to continue falling through the rest of the year and most of 2021, its Short-Term Energy Outlook said Wednesday.