International oil prices are contingent upon both the worldwide growth in oil production and the worldwide growth in oil inventories. Understanding the balance of these movements, and interpreting those movement is undertaken by the Energy Information Agency (EIA) and the International Energy Agency (IEA), in order to better evaluate and predict oil price movements.

In the U.S., and across the globe, a glut in oil inventories has inhibited upward price movement, making the growth of oil production and inventories key to oil and gas traders w...


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