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Short-term Global Oil Service
Weekly Fundamentals - Uncertainty growing in the run-up to today’s OPEC+ meeting
Published: 4 March, 2021
Highlights:
- WTI/Platts Dated Brent diff tightens; further narrowing possible
- ICE Brent backwardation eases – direction now dependant on OPEC+ meeting
- Urals discounts to remain wide through 2Q
- On-land stocks fall some 54 mmb in February, due to US product stockdraws following the Texas freeze
- Libyan crude ...
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