Trump’s oil announcement is tough to believe at face value
Read full post at forexlive.com
10-15 million barrels per day is a wild number
Everyone is short oil. The reality of the market is that it’s wildly oversupplied. rafigura estimates that coronavirus has cut global oil demand by 35 million barrels per day.
Everyone is short oil. The reality of the market is that it’s wildly oversupplied. rafigura estimates that coronavirus has cut global oil demand by 35 million barrels per day.