The International Energy Agency has gone even further, warning OPEC spare capacity could fall by half to just 2.6 million bpd in the second half of the year. The agency then went on to say that, "If demand continues to grow strongly or supply disappoints, the low level of stocks and shrinking spare capacity means that oil markets could be in for another volatile year in 2022.
Has 88e drill started turning yet lol. Put it this way if they strike the sp will dive as reality kicks in and more likely another duster the sp will dive.