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Latest Analysis / Short-term Global Oil Service

Weekly Fundamentals - A slight bullish surprise: OPEC+ pulls (small) rabbit out of the hat

Published: 5 December, 2024

Highlights:

  • A slight bullish surprise: OPEC+ pulls (small) rabbit out of the hat
  • Supply: Canada’s output rose 360 kb/d m-o-m in October following TARs
    • Canada: Alberta’s October crude/condensate output up 360 kb/d m-o-m after September maintenance
    • Disruption on the European section of Druzhba pipeline ...

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