Extra Saudi, UAE and Kuwait production cuts -Rystad Energy comments
Extra Saudi, UAE and Kuwait production cuts - Rystad Energy comments
Saudi Arabia, the UAE and Kuwait just announced new cuts on top of the OPEC+ deal requirements.
Here is a fresh comment from Rystad Energy’s Senior Oil Markets analyst Paola Rodriguez Masiu:
To start with, the major positive outcome of these additional cuts is that, according to out calculations, we will now probably avoid global storage tank tops if demand ramps up as expected and new lock-down measure...