Market Outlook Reports – Covering key trends and outlook for oil and gas markets.
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Monday, April 20, 2020
Sproule Crude Oil Market Update: The Search for Balance
The record production cuts announced by OPEC+ earlier this month are expected to take effect May 1 and extend in some capacity into 2022. In the U.S. and Canada, the expectation for market dictated production cuts has already started by way of shut-ins. Ultimately, faced with the unprecedented near-term demand shock, the current supply response will be insufficient to balance markets and support prices near-term, but they have the potential to accelerate price recovery on the backside of the COVID-19 pandemic.
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Saturday, April 4, 2020
Sproule Crude Oil Market Update April 6
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Thursday, March 19, 2020
Sproule Crude Oil Market Update
Global economic activity is falling at a near-record rate as countries take action to prevent the spread of COVID-19. Simultaneously the OPEC and Russia curtailment agreement falls apart as Russia abandons the willingness to cut production. This has created unprecedented volatility in the global crude market.
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