Opec sees oil market already rebalancing | The Malaysian Insight

A soldier patrolling in front of the Opec headquarters in Vienna, Austria, recently. Opec says it now expects daily demand in 2020 to drop by some 8.5 million barrels per day from last year's level. – EPA pic, May 13, 2020.

THE rebalancing of the oil market is under way and will accelerate, the Opec cartel said today, days after some of its members voluntarily increased their production cuts. The world oil market was thrown into disarray earlier this year as lockdown measures imposed by governments to slow the spread of the coronavirus led to plunge in demand just as crude producers had been stepping up output in a war for market share.

Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Opec sees oil market already rebalancingThe easing of restrictions, massive stimulus programmes could now help the market bounce back. FMTNews Opec
Fuente: fmtoday - 🏆 5. / 72 Leer más »

Opec sees oil market already rebalancingThe easing of restrictions, massive stimulus programmes could now help the market bounce back. FMTNews Opec
Fuente: fmtoday - 🏆 5. / 72 Leer más »

Palm oil industry eyes Bangladeshi workers | The Malaysian InsightMPOA chief executive tells The Edge Markets plantations suffering labour shortage.
Fuente: msianinsight - 🏆 8. / 63 Leer más »