Yes, there is less supply in Nigeria, but that is not enough to cut into oversupply.
Yes, there is less supply in Nigeria but that is not enough to cut into oversupply.
The situation between Russia and Ukraine is a rather (supportive) factor for oil ... as the potential for (gas) supply disruption in Europe is having a correlating effect on other energy commodities including oil.
Prices haven?t fallen by much because of the heavy refinery maintenance seen around March, which still raises some concerns over supply particularly for gasoline.
Right now the market supply for oil is tight.
The IAEA meeting is paramount on investors' minds, because it has the potential to alter the demand supply equilibrium.