Author archives: Edward Hutton

Oil and Products Morning Report 03/12/21

Good morning. OPEC+ surprised the market yesterday choosing to stick to its plan of increasing oil output by 400Mbbbls/d in January. This would mean that under the deal, the group can produce 40.49MMbbls/d over the month with OPEC’s share totalling 24.55MMbbls/d.  Expectations heading into the meeting were that the group would at least pause supply …

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