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Saudi: ”Cut or be doomed”

This is basically the message that Saudi Arabia is sending to OPEC+ ahead of today’s OPEC meeting and tomorrow’s OPEC+ meeting. According to an unnamed OPEC delegate Saudi…

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Rising oil inventories – In the US

US crude oil stocks rose 6.5 m bl last week with Gasoline and Distillate stocks down 2.0 and 0.8 m bl respectively. In total the three were up 3.7 m bl but the market had expected…