oil market massively oversupplied - time to buy tech stocks
|Market needs just 12mb/d|June 2026|July 2026| |:-|:-|:-| || |||| |||| |||| |||| |EW Pipeline|2.0|2.0| |Russia + Iran Oil on Water|1.5|1.0| |China Import Reduction|4.0|5.0| |UAE Fujairah Pipeline|2.0|2.0| |Iran Crude Exports|3.5|4.0| |Extra production (UAE, Iraq, Kuwait, Saudi, Qatar)|3.5|4.0| |Rest of World SPR …