Global crude oil supply gap of 4.8 mbpd may trigger demand destruction, improve OMCs margin: Report

🌐 The Tribune —
Global crude oil supply gap of 4.8 mbpd may trigger demand destruction, improve OMCs margin: Report

AI Summary

A global crude oil supply gap projected at 4.8 million barrels per day could lead to demand destruction while potentially improving the margins for oil marketing companies. This situation underscores the delicate balance of supply and demand in the global oil markets.

Markets Commodities Energy crude oil supply gap demand destruction OMCs global economy

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