Short-term glut versus long-term fundamentals

A global oil surplus is poised to disappear as population growth and artificial intelligence stoke crude consumption, according to the head of Baker Hughes Co. The company, one of the world’s largest oilfield service providers, sees demand beginning to recover in the second half of this year into 2027, Chief Executive Officer Lorenzo Simonelli said during an interview with Bloomberg's Matt Miller and Dani Burger. 

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