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Latest Analysis / Short-term Global Oil Service

World Oil Market Report - Crude Supply, Trade & Price Differentials

Published: 30 July, 2020


  • OPEC+ may need to produce 1 mmb/d above target in 2021 to keep market balanced
  • Market Outlook: Recent correction raises conviction of bullish view for 2021
  • Brent/Dubai: EFS dragged down by weakening Brent time-structure
  • WTI/Brent - Weak MEH helps US crude flow to Europe

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