February 7, 2025
Oil markets are as unpredictable as ever

World oil demand is significantly weaker than widely perceived Well, this is perplexing. Crude fundamentals are bearish. Only a couple of weeks ago, markets went haywire after OPEC announced an unanticipated additional output cut of 1.16 million bpd. Markets surged. There were talks of crude touching highs of US$100 a barrel…
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