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Latest Analysis / Short-term Global Oil Service

Weekly Fundamentals - Brent weakness due to Asian demand concerns, despite huge Libya/Nigeria crude supply outages

Published: 23 January, 2020

Highlights:

  • Mixed oil market developments in past week, but overall sentiment has turned sharply bearish
  • Little change in crude diffs/structure recently, despite distortions of Libya export stoppage
  • Libya – political deadlock continues to halt onshore crude loadings of about 1 mmb/d
  • Nigeria – NCTL ...

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