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Oil Alerts
Crude Alert - Urals Med differentials increase as Med supply tightens; but conflicting factors in near future
Published: 26 October, 2020
Highlights:
- Urals Med premium rising on tighter supply; risk to roughly 1 mmb/d of supply
- Russian crude exports to be squeezed by rising domestic runs until OPEC+ eases output cuts
- OPEC+ may require higher compensation cuts in November/December and possibly 1Q 2021
- Risk to Azerbaijan and Nigeria’s crude ...
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