28 Days
Source:
الاقتصادية
Oil reserves take years to replenish
The article discusses the global oil inventories crisis, which has been severely depleted due to a significant draw during the US-Iran war. It explains that restoring these inventories will take many years, as the market is expected to recover the lost oil amounts over several years rather than days, due to infrastructure limitations and market conditions. Estimates suggest that most of the production will be restored by January 2027, and inventories will begin to rebuild once again, potentially leading to a gradual decline in oil prices to an average of approximately $79 per barrel in 2027. The article also mentions three major demand waves that will impact the market, involving China, governments, and refineries, and highlights that it will take years to rebuild strategic reserves after they were tapped to record levels during the crisis.
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