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Crude Alert -Supply Update: OPEC+ announces another triple unwind for July, we expect more unwinds before cuts in 4Q
Published: 5 June, 2025
Highlights:
Key Issue: OPEC+ announces another triple unwind for July, we expect more unwinds before a return to market management in 4Q:
- Headline 411 kb/d m-o-m increase to July quotas will likely translate to just 225 kb/d output boost
- Saudi Arabia, the UAE, and Russia receive the largest m-o-m increase; each ...
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