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Oil: The interplay of pricing, supply, demand – analysis

The technical committee of the Organisation of Petroleum Exporting Countries (Opec)+ cartel met last month to reaffirm the whopping crude oil supply cuts in the global pipelines to rebalance oil markets in view of the huge demand destruction unleashed by Covid-19. However, it is not enough to just “manipulate” supply. Global oil demand has to be nudged up if oil ...

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