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Prospects for fossil fuels to end-2017

Monday, June 19, 2017

Subject

Prospects for fossil fuels to end-2017.

Significance

Despite the recently renewed OPEC agreement to cut output, crude oil prices continue to hover around 50 dollars per barrel, constrained by still-high global stock levels. The oversupply in gas markets has taken longer to emerge although gas looks on course to out-compete coal in many markets.

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