Total liquid fuels inventories return to five-year averages in the United States and OECD

Total liquid fuels inventories return to five-year averages in the United States and OECD
Global petroleum inventories declined through 2017 and the first quarter of 2018, marking the end of an extended period of oversupply in global petroleum markets that began before the Organization of the Petroleum Exporting Countries (OPEC) November 2016 agreement to cut production. As OPEC plans to reconvene on June 22, markets now appear more in balance, but uncertainty remains going forward.