This week has been a mixed bag for the sector, with a range of factors providing contrary pressures. On balance, prices have generally advanced as inventory data offset the persistent concerns surrounding Covid-19’s potential impact on future demand, but not universally.
This week, we look at the impact that Covid-19 and OPEC+'s proposed production increases is having on the longer-term outlook, and it isn't as simple and straightforward as you'd think.
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