《石油手册》- 迈向最受关注的供应过剩局面-The Oil Manual-Heading for the Most Anticipated Surplus

August 21, 2025 06:40 PM GMT The Oil Manual | Europe Heading for the Most- Anticipated Surplus The oil market is heading for a surplus in coming quarters that is both unusually large but also unusually well-anticipated by now. The former suggests prices will likely weaken; the latter suggests this is unlikely to turn into a disorderly sell-off. We stick with our $60 Brent forecast by 1Q. Key Takeaways Exhibit 1: Refinery crude runs are currently at their highest level for several quarters to come | M August ...