• OPEC Sec-Gen shows slide to oil conference which says market rebalancing is heading in the right direction

Market news

27 April 2017

OPEC Sec-Gen shows slide to oil conference which says market rebalancing is heading in the right direction

  • The global oil inventory overhang is declining, floating storage volumes are falling too

  • Slide to oil conference which says goal is 100 pct compliance

  • We need to see oil stocks fall closer to 5-year average

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