OPEC+ sees demand above supply throughout 2021. But under an alternative scenario (lower demand and non OPEC supply growth than base case) market flips into surplus in April and Dec.

OPEC on Wednesday stuck to its forecast for relatively strong growth in global oil demand in 2025, saying air and road travel ...

That said, if the hit to supply from weather, sanctions or other developments is substantial, oil stocks can be quickly drawn to meet near-term demand, the IEA said in its report, while noting it ...