FSUOGM Week 12
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Issue 1068 26•March•2020 Week 12
Crude awakening
After criticising OPEC+’s efforts to tighten the market, the Trump administration is now looking to intervene to make the group produce less.
Dont blink first
Russia is unlikely to back down in its supply standoff with Saudi Arabia, making a prolonged war likely.
Move on up
Rosneft is taking steps to ramp up production ahead of the expiry of Russia’s deal with Saudi Arabia.
Caspian strike
Amid market turmoil, Azerbaijan’s SOCAR and Norway’s Equinor have struck oil in the Caspian Sea.
