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Low Oil Prices Put Squeeze On Non-OPEC Producers

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Home Blogs > Business
Apr 17 '20 | By CEO | Views: 41 | Comments: 0

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The OPEC+ ‘deal of the century’ last weekend changes oil market dynamics in the short run. The 10 million b/d cut is huge, amounting to 10% of global supply. The cuts will help soften the blow of plunging oil demand as the effect of lockdown to suppress coronavirus bites into the global economy.

Source: https://www.forbes.com/sites/woodmackenzie/2020/04/17/low-oil-prices-put-squeeze-on-non-opec-producers/

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