Graphic: Boom, bust or both? The challenge of predicting 2019's oil market balance | Reuters:
In the oil market, balance is a difficult game. Calculating whether the 100 million barrel per day world market is likely in the months ahead to have a surplus or deficit of supply, or be balanced, where supply equals demand, is never simple.
Projections must take into account a host of factors — from world economic growth, refinery operations and changing fuel use patterns on the demand side, to investment patterns, rates of mature oilfield decline, weather, politics, war and OPEC on the supply side.
Working out what the oil balance will look like next year is proving particularly difficult.
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