原油观察：为何全球供应过剩、哈萨克斯坦及美国复产背景下，油价仍维持强势-Oil Monitor Why are oil prices so strong despite a supposed global oversupply and production returning from Kazakhstan and the US

Vi e w p o i n t | 28 Jan 2026 15:25:03 ET │ 12 pages Oil Monitor Why are oil prices so strong, despite a supposed global oversupply and production returning from Kazakhstan and the US? CITI'S TAKE Oil prices can stay more elevated than many had expected, despite markets starting the year anticipating large oversupply. Recent events cannot fully explain the price strength: Brent is ~$68/bbl at the time of writing, far from the ~$50/bbl price that a 2-mb/d oversupplied market could imply. We had long expecte ...