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Latest Analysis / Short-term Global Oil Service

Weekly Fundamentals - Crude prices continue rising despite OPEC+ agreement failing to emerge as of yet

Published: 3 December, 2020

Highlights:

  • ICE Brent time-spreads still look overbought; NYMEX a better reflection of fundamentals
  • Urals premiums fall this week as more European refineries announce run cuts
  • Russia and Kazakhstan cumulative overproduction increased to 1 mmb/d in November
  • Nigeria - militants make further threats to oil ...

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