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The head of Saudi Aramco's trading arm said OPEC+ faces many demand issues before raising supply in January 2021, citing refinery run cuts. Libyan output is expected to rebound to 1 million bpd, and oil prices fell over 4 percent on Wednesday.
Weak refinery throughput reduces crude demand, while Libyan supply growth adds to bearish pressure on prices.
arabnews.comReutersOct 28, 2020Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
