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OPEC is about to extend its production cuts for another nine months in an effort to bring the oil market back into balance. Keeping in place the 1.2 million barrels per day (mb/d) of OPEC cuts, plus the 558,000 bpd of non-OPEC reductions, for nine months rather than six should be enough to “normalize” crude […]
The post Goldman Sachs: Oil Glut To Return When OPEC Deal Expires appeared first on The Energy Collective.
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May 25, 2017 at 07:33PM
from Oilprice.com
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