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Prospects for fossil fuels to end-2019

Thursday, June 20, 2019

Subject

Prospects for fossil fuels to end-2019.

Significance

Slowing global trade suggests oil demand forecasts will be downgraded, while non-OPEC production growth, led by the United States, will keep the market well supplied, despite disruptions and restrictions on major OPEC producers. However, weak pricing will be offset by risk premiums associated with conflict in Libya and the threat of US-Iranian conflagration affecting oil from the Gulf.

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