News
31 July 2020

OPEC eyes oil supply cuts as market signals return of glut

In:
Oil & gas
Region:
Middle East & Africa, Americas

Rising OPEC and US oil supply, paired with stagnant economic and crude demand recovery, have pushed the futures market structure back to indicating a surplus, last witnessed during oil’s collapse in April and May amid the pandemic. OPEC will either consider further production cuts or...

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