Citi Warns Global Oil Inventories Could Drop by 900 Million Barrels Despite Ceasefire

Global crude and product inventories could plummet by approximately 900 million barrels by the end of June, even if the recent ceasefire between the United States and Iran holds, according to Citi researchers. This projection, released on Monday, accounts for a 500 million-barrel drawdown already underway and an additional 400 million barrels expected due to […] The post Citi Warns Global Oil Inventories Could Drop by 900 Million Barrels Despite Ceasefire appeared first on the deep dive.