Feb. 13 at 12:48 PM
$PR
The "experts" keep telling us we are in a massive oil glut, but the actual data says otherwise. If you look at the physical numbers from Kpler and Vortexa instead of the IEA forecasts, the math just doesn't add up.
The IEA predicted a huge surplus of around 4 million barrels per day for 2026. If that were true, global inventories would be exploding right now. Instead, the total amount of observable oil in the world actually fell by 11 mm bbls.
Even though some tanks on land grew a little, the amount of oil on ships and in transit dropped by over 20 mm bbls.
While the headlines talk about a surplus, the actual ships are showing a tightening market. The gap between the official narrative and the physical is getting too big to ignore.
