Another good data point on supply.Does this suggest declines in supply or gains...South America continues to be a disaster. This is not changing anytime soon. Continuing declines in supply
"South American Oil Under Threat As Unrest Grapples The Region"
"Colombia, Latin Americas fourth-largest oil producer, and economy, recently became the epicenter of broad anti-government dissent with the Andean nation rocked bynationwide protestsfor over two months. Decades of chronic socio-economic inequality, violence, lawlessness, corruption, and suppression of civil society created a tinderbox that the slightest spark could ignite."
Reference: https://oilprice.com/Energy/Energy-General/South-American-Oil-Under-Threat-As-Unrest-Grapples-The-Region.html