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Forecasts indicate the oil market will stay oversupplied into 2020 despite OPEC and other producers extending output cuts. Global oil demand growth is slowing and US unconventional output keeps rising, leaving prices under pressure after Brent's April high of $75.
A persistent oversupply outlook points to lower crude and diesel prices, which reduces energy costs for feed mills but weakens the appeal of biofuel feedstocks.
jpt.spe.orgJohn DonnellyJul 31, 2019Not 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.
