Friday, June 27, 2025
Energy trader Mercuria sees early signs of oil market recovery-oil and gas 360

Energy trader Mercuria sees early signs of oil market recovery

Reuters LONDON – Global oil markets are showing early signs of rebalancing after production cuts by OPEC and the United States, with the market’s pricing structure indicating that storing oil on idle tankers may soon no longer be profitable, Mercuria Energy Group said. Oil futures are cheaper for nearby delivery than for a few months ahead, a pricing structure known