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Latest Analysis / Short-term Global Oil Service

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

Published: 27 May, 2020

Highlights:

  • A surprise reduction in US crude supply has helped the market undergo a rapid recovery in recent weeks. The world has now shifted into crude stockdraw mode; however, a global stockdraw (including oil at sea and product stocks) is not yet here.
  • US production cuts are driving the rally - June cuts ...

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