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Latest Analysis / Short-term Global Oil Service

Weekly Oil Market & Refining Update - Latest OPEC+ agreement pushes Brent above $40/bbl; but some Libyan output restarting

Published: 8 June, 2020

Highlights:

  • Latest OPEC+ agreement pushes Brent above $40/bbl; but some Libyan output restarting
  • OPEC+ deal to extend output cuts will support Urals premiums in coming weeks
  • Global Refinery Runs Outlook/Key Refining Developments
  • Global refinery margins remain in the red as product inventories continue rising

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