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Oil Cuts May Not Stop the Fall in the Market
The International Energy Agency states that the market decline in oil demand in April was the highest in the past 25 years while predicting that
Yazar: Zack Smith
Yayınlanma: 17 Nisan 2020 23:47
Güncellenme: 12 Kasım 2024 19:38
Oil Cuts May Not Stop the Fall in the Market
The International Energy Agency states that the market decline in oil demand in April was the highest in the past 25 years while predicting that the cut was around 29 million barrels a day. Despite the cuts in demand in response to the decrease in demand due to the global coronavirus outbreak, oil demand is estimated to drop by 9.3 million barrels per day in 2020. The International Energy Agency's report this month says that "by lowering the level of production and avoiding the swelling in stocks, (producers) have helped manage the worst of the complex situation well." In addition to the report, it is not possible to conclude an agreement that will compensate for short-term losses, but last week's gains are a good start.İLGİLİ HABERLER
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