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JP Morgan sees crude supply cuts nearing 12 million bpd as tanker halt tightens markets
Crude oil supply cuts are on track to reach nearly 12 million barrels per day by the end of next week, intensifying deficits in physical markets as tanker movements through a key Middle Eastern waterway face a two-week disruption, JPMorgan said in a note on Friday.
Crude oil supply cuts are on track to reach nearly 12 million barrels per day by the end of next week, intensifying deficits in physical markets as tanker movements through a key Middle Eastern waterway face a two-week disruption, JPMorgan said in a note on Friday.