Investing.com investing.com 10 Jan, 2021 10:45 am

Saudi cut to boost oil market de-stocking, even as demand falters By Reuters

Saudi cut to boost oil market de-stocking, even as demand falters By Reuters
Saudi cut to boost oil market de-stocking, even as demand falters

png In its most recent research, Goldman Sachs (NYSE: GS ) revised down its demand forecasts for January, February and March by 1-2 million bpd each month.6 million bpd previously.3 million bpd in September, or nearly 3% of global oil supplies for that month.3 million bpd for February, and 0.

8 million bpd for March," Rystad head of oil market research Bjornar Tonhaugen said.Commodities 3 hours ago (Jan 10, 2021 02:15AM ET) © Reuters By Ahmad Ghaddar LONDON (Reuters) - Saudi Arabia's voluntary oil production cut is expected to bring the oil market into deficit for most of 2021 even as new lockdowns to contain the spread of the coronavirus batter oil demand, analysts say.

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