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Latest Analysis / Short-term Global Oil Service

Weekly Fundamentals - US supply shock supporting the rally in crude prices

Published: 19 February, 2021


  • The weather in Texas is causing considerable disruptions to supply, demand and the midstream
  • Crude price finds support from increased US money supply, market talk of a commodity super-cycle
  • MEH drops as Texas weather adds length to US crude balances – recovery due next week
  • Urals discounts to ...

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