A Hard Year’s Night: Oil Markets Brace for the 4th Quarter

During this year the oil market has seen Brent crude spot prices plummeted from $65 to $22 in three months, the US lost 3 million b/d of crude production, and European refiners needing to reduce utilization rates to less than 50% for several weeks. These are just some highlights of what 2020 has meant for oil markets so far, however, the worst quarter may yet be just around the corner...



This weekly report is an excerpt from our Short-Term Outlook service analysis, which covers a period of eight quarters and provides monthly forecasts for crude oil, natural gas, NGL, refined products, base petrochemicals and biofuels.  Contact Jaime Brito (+1.713-377-0706 or E-mail) for the detailed analysis or for more information about the Short Term Outlook.
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