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Tag Archives: Africa and the Middle East

OUTLOOK ’17: Oil price stickiness may last on strong liquidity and weak fundamentals

Subdued global oil production may keep the oil price above $50/bbl, although probably below the $55 mark. The final OPEC production-curbing deal, if implemented and properly verified, will help rebalance the market. However, it may not significantly affect supply and demand fundamentals. Both Saudi Arabia and Russia have kept producing at record-high levels, and the US will not participate in ...

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