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Latest Analysis / Short-term Global Oil Service

Weekly Fundamentals - Iran-China crude trade frictions and cold weather continue to fuel bullish sentiment

Published: 9 January, 2025

Highlights:

  • Iran-China crude trade frictions and cold weather continue to fuel bullish sentiment
    • Iran-China trade in the spotlight as Trump inauguration draws near
    • Cushing crude inventories near minimum operating levels
  • Supply: Unused OPEC+ quota volume shrinks; Nigeria meets quota, while South Sudan to restart ...

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