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Latest Analysis / Short-term Global Oil Service

Weekly Fundamentals - Brent briefly stabilises near 4-month lows; but to remain depressed due to new global demand concerns

Published: 30 January, 2020

Highlights:

  • Bearish sentiment continues to pull down Brent backwardation at the tail of the curve; but prompt holding up
  • Belarus/Russia oil supply dispute puts downward pressure on Urals in NWE
  • Political deadlock continues in Libya; rising risk for crude production in Sudan   
  • Latin America adding to ...

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