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Latest Analysis / Short-term Global Oil Service

Weekly Fundamentals - Crude prices jump up but still not out of the woods

Published: 7 May, 2020

Highlights:

  • Contango eases on US production cuts and falling freight rates
  • US crude differentials remain largely unchanged
  • Platts Urals differentials rise further on Russian production cut news
  • OPEC+ compliance concerns grow
  • Brazil production hit a record high in March; exports from Ecuador resuming
  • WAF – ...

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