Global Onshore Crude Inventories Continue to DeclineGlobal onshore crude inventories declined again this week by another 27 mm bbls, even with French refinery throughput down by 500kbpd due to strikes.
The total drawdown of 117mm bbls over the last 8 weeks is the equivalent of an oil market being undersupplied by 2.1 mm bpd, in a global demand market of about 100 mmbpd .
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