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.