29 May 2021

JBC in the Media - The National

"'[The] embattled Indian and Japanese crude runs are set to recover over summer as infection rates are expected to continue declining and movement restrictions phased out,' said consultancy JBC Energy in a note on Friday.

'Consequently, we currently see the global crude balance net short by around 3 million bpd over July-August, making the case for a return of at least part of the Opec+ barrels increasingly convincing.'"