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OPEC says world oil demand in 2020 to drop by 9.07 millon BPD
OPEC SAYS WORLD OIL DEMAND IN 2020 TO DROP BY 9.07 MILLON BPD #OOTT
— Cable FX Macro (@cablefxmacro) May 13, 2020
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OPEC MOMR:
— Newsquawk (@Newsquawk) May 13, 2020
-Cuts 2020 global oil demand forecast by 2.23mln BPD (EIA: 2.9mln BPD) to 9.07mln BPD (EIA: 8.13mln BPD)
-Reiterates the worst contraction expected in Q2
-April OPEC crude production rose by 1.8mln BPD MM; due to Saudi Arabia, UAE, Kuwait (surprise surprise!)#OOTT pic.twitter.com/scTYCJ4f7E
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OPEC: US PRODUCERS HAVE SO FAR CUT OUTPUT AT LEAST 1.5 MLN BPD IN 2Q; ALL PRODUCERS OUTSIDE OPEC+ HAVE SO FAR ANNOUNCED CURBS OF 3.6 MLN BPD.
— Breaking Market News (@financialjuice) May 13, 2020
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OPEC Monthly Report: Supply Curbs Are Already Started Showing Positive Response, With Rebalancing Expected To Pick Up Faster In Coming Quarters #OOTT $CL_F
— LiveSquawk (@LiveSquawk) May 13, 2020
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#OPEC would have to nearly halve its crude oil production to balance the market, latest OPEC analysis shows #OOTT
— Herman Wang (@HermsTheWord) May 13, 2020OPEC pumped estimated 30.41 mil b/d in April
Call on OPEC crude falls to 16.77 mil b/d in Q2
Outlook improves for back half of 2020 pic.twitter.com/Ka7y2Zur8R
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