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Low Inventory Is Pushing Up The Oil Price Today

3 minute read
Last Update Jan 1, 2024
1st Released Dec 21, 2023
0 Comments
Oil Industry

Reports of low inventory with major oil consumers can increase global prices. This is all linked to the demand supply market force. Often, when a country such as the USA, China or a combination of countries such as Europe or even the general world inventory has lower than expected stockpile of oil, there is an expectation that this situation will likely cause an increase in demand in the near future.

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Clare Marshall  
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Clare is our lady for the cruise industry. She worked on cruise ships from a young... »

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