The Oil Market Is Tight

The overall picture though is a tight oil market. Our russian supplies are still hitting the market, probably about a million barrels per day more than what we had expected. But equally, we've had the s b r. At the same time, demand is still coming in higher. So to your the market is incredibly tight, despite some of those moving parts. And it's a low liquidity environment, which means that even take away all the fundamentals, there will be some downward pressure on prices in the near term.