Oil fundamental drivers. Analysis of oil demand, supply and inventories. Oil price forecast by EIA. | Cartesio by Pantar.ai

Oil fundamental drivers

Global Oil Dynamics

oil prices are likely to gain in the near future and decrease later on

Insights

12-2027

CONCEPT

This dashboard isolates the fundamental supply-and-demand dynamics of the global crude market using official US EIA data. By tracking structural imbalances between production and consumption, Cartesio helps investors anticipate upcoming market tightness and inventory shifts that directly dictate oil price momentum.

CURRENT READINGS

Looking at the recent past, we moved from oversupply in the oil market to demand exceeding supply, as the recent squeeze in oil inventories can also confirm. Focusing on forward estimates, demand is going to exceed supply in the near future with a drawdown in inventories, then oversupply will follow and inventories will eventually re-adjust.

MARKET IMPLICATIONS

Given the above expectations on demand, supply and resulting inventories, and ignoring unpredictable geopolitical developments, fundamentals show that oil prices are likely to gain in the near future and decrease later on

In general terms, expected inventory drawdowns typically push oil prices higher, while expected inventory build-ups suppress prices.