Fundamentals October 2019

Published at 14:02 23 Oct 2019 by . Last edited 15:23 23 Oct 2019.

Fundamentals is our monthly review of global oil data, this is the October 2019 edition.Crude oil balance:Our Q3 19 crude balance tightened by 0.1 mb/d to 2.2 mb/d versus last month, led by higher West of Suez runs and weak non-OPEC supply (North Sea and the US). Our Q4 19 crude balance remains…

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