There’s no need for additional oil output cuts beyond what key producers have already agreed, as the global crude market has achieved balance, Interfax reported, citing Russian Deputy Prime Minister Alexander Novak
Fundamentals are not yet strong enough to sustain prices above $100 per barrel, but they are strong enough to sustain a prolonged period of trading above $90 per barrel.
There’s no need for additional oil output cuts beyond what key producers have already agreed, as the global crude market has achieved balance, Interfax reported, citing Russian Deputy Prime Minister Alexander Novak
Fundamentals are not yet strong enough to sustain prices above $100 per barrel, but they are strong enough to sustain a prolonged period of trading above $90 per barrel.
