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Latest Analysis / Short-term Global Oil Service

Weekly Fundamentals - Brent to be supported by lower Urals volumes and current optimism around US-China trade talks

Published: 7 November, 2019

Highlights:

  • Brent to be supported by lower Urals volumes and current optimism around US-China trade talks
  • ICE Brent prompt backwardation increasing; Urals premium rising as Nov exports very low
  • Global Economic Slowdown – Have we reached the bottom?
  • US tight oil output growth slowdown comes as no surprise; ...

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