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Oil Alerts
Crude Alert - OPEC+ agenda and production outlook highly uncertain following Saudi Arabia 1 mmb/d mega cut
Published: 11 January, 2021
Highlights:
- OPEC+ agenda and production outlook highly uncertain following Saudi Arabia 1 mmb/d cut
- OPEC: Saudi doing as it had planned, and is keeping market guessing as to its next move
- Non-OPEC: Prices incentivising Canada’s crude by rail—US drilling expected to pick up as well
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