Nuttall confirms HFIR that inventories should be balanced by end of Q4
The @IEA ignored me but here is someone else corroborating my math (pardon the arithmetic): 3MM bbl/d draw in Q4 vs. avg 0.5 = 2.5MM bbl/d excess draw X 92 days = 230MM Bbl excess draw. Current OECD glut vs. 5 year avg. = 215MM Bbls. Oil on water near norm. Getting bullish yet???