Crude oil faces supply risks amid market surplus
after close1 source ↓written by the desknot a recommendation
- of oil
- 2.2m b/d
The oil market is projected to experience a large surplus through 2026, yet it is simultaneously grappling with growing supply risks due to geopolitical tensions. A recent Ukrainian attack on the Novorossiysk port temporarily halted oil exports, impacting approximately 2.2m b/d of oil. While operations have resumed, market sentiment remains cautious.
Not investment advice. For informational purposes only.