Page 1 - MEOG Week 10
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Issue 760 11•March•2020 Week 10
Saudi declares price war
Saudi Arabia will increase oil production, effectively dumping crude on to the market as it seeks to win market share in a race to the bottom.
OPEC+ agreement comes to an end
OPEC was unable to persuade Russia to agree to a share of output cuts to respond to the present collapse in demand for oil.
Iraq exports up despite market
Iraq’s Ministry of Oil has announced preliminary average oil exports for February of 3.391mn bpd.
