Page 1 - EurOil Week 42
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Issue 563             22•October•2020                     Week 42






                    ™     ™OPEC+ warns of 2021 oil surplus


                            OPEC+ has warned that a sustained second COVID-19 wave and a surge in
                            Libyan output could push the oil market back into surplus next year.

                    ™     ™Sanctions strike Nord Stream 2


                            The US State Department has broadened sanctions against Nord Stream 2,
                            casting further doubt on the pipeline’s future.

                    ™     ™UK outlook dims


                            Rystad Energy has downgraded its forecasts for UK oil and gas production in
                            light of disappointments at fractured basement reservoirs.

                    ™     ™European gas has its day


                            European gas demand will never return to pre-pandemic levels, the IEA has
                            forecast.
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