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Short-term Global Oil Service
Weekly Fundamentals - Crude prices drop as market digests supply data and temporary surge in China/Europe demand
Published: 28 May, 2020
Highlights:
- Huge surge in crude imports into China in May/June has removed some 100 mmb from market
- OPEC+ mulling whether to go ahead with planned rise in output from July at 9-10th June meeting
- ICE Brent contango widens at the front as July contract expires this week
- Urals premiums remain unchanged
- Libya – ...
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