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Latest Analysis / Short-term Global Oil Service

Weekly Oil Market & Refining Update - Renewed demand concerns push crude price down; but supply fundamentals keep Brent in backwardation

Published: 24 February, 2020

Highlights:

  • Renewed demand concerns push crude price down; but supply fundamentals keep Brent in backwardation
  • Key Refining Developments: China refinery runs move lower yet again
  • Margins fall on stronger crude prices; currently propped up by gasoline
  • Forward product curves and indicative arbitrage economics ...

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