A very tiny snippet from ANZ on oil:
- traffic data in China suggests demand is improving. Average congestion in 15 Chinese cities has now been above January 2021 levels for more than a month
On supply disruption, ANZ again again:
- Outside of Russian supply issues, other disruptions are emerging. Libyan production has fallen to less than 600kb/d after Waha Oil was forced to almost shut its operations completely amid political protests.
Oil chart update, Brent daily: