Spring is in the air and so too is the prospect of a sharp decline in the global oil inventory excess according to HSBC’s Natural Resources & Energy research team. In a research note published at the beginning this month, the team headed by Gordon Gray Global Head of Oil & Gas Equity Research proclaims that they expect decisive oil inventory falls in the coming weeks as OPEC supply cuts are more fully reflected in data … and that is bearish for Global Oil Stocks. Overall, the team sees global oil stocks falling by 0.6 million barrels this year, but…
HSBC: Why Oil Stocks Will Slump This Year
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