SUPPLY/DEMAND

Global Crude Oil Inventories Need To Rise, Says CGES

Global crude oil inventories need to rise, the London-based Centre for Global Energy Studies (CGES) said in the March issue of its Monthly Oil Report. “The global oil supply chain has only a thin cushion of inventories to protect consumers from a price spike in the event of a supply shock or a sudden surge in demand,” CGES said. While there is a growing need for commercial oil inventories to be rebuilt, they...