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Latest Analysis / Short-term Global Oil Service

US Oil Monthly

Published: 19 February, 2020

Highlights:

  • Products Demand: Mild winter continues to dampen demand
  • Refining & Products Balances: Poor demand and unplanned outages stifle crude runs
  • Stocks: Market bearishness pushing WTI towards contango
  • Crude Supply: Majors pushing ahead with tight oil but cracks appearing

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