- Saudi Arabia oil ministry's official: Recent concerns about oil demand growth are "overplayed" and reflect poor macroeconomic sentiment
Notícias do Mercado
8 agosto 2019
Saudi Arabia oil ministry's official: Recent concerns about oil demand growth are "overplayed" and reflect poor macroeconomic sentiment
- Says that oil market fundamentals are good, especially on the supply side due to the strong commitment of OPEC+ with supply cuts and the lower-than-expected US output growth outlook
- Key OPEC+ countries are committed to do whatever it takes to keep oil market balanced next year
- Saudi Arabia plans to keep its August crude oil exports below 7 mln bpd, production below 10 mln bpd
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