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Latest Analysis / Short-term Global Oil Service

Weekly Oil Market & Refining Update - Saudi/Russia price war could push Brent down to $20/bbl; little support for now

Published: 9 March, 2020

Highlights:

  • Saudi/Russia price war could push Brent down to $20/bbl; little support for now
  • Key Refining Developments: China’s refiners start returning to normal, but virus continues to spread globally
  • Crude price crash to provide temporary support to margins, but general product oversupply likely to plague ...

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