Woodmac predicts oversupply of oil throughout the year
The analyst firm once again downgrades its forecast for oil needs. There'll be overcapacity throughout the year, Woodmac says.
According to Reuters, OPEC is stilling working on significant cuts in oil production ahead of its crucial meeting in Vienna on Friday. The organization will hereby curb the decline in demand growth tied to the spread of the coronavirus.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
OPEC will support cuts – awaits Russia's decision
For subscribers
Virus hits oil market hard
For subscribers
