12 Jul 2019 OPEC & GLOBAL MARKETSVol / Issue:62 / 28


Opec Faces Further Squeezes In 2020

The consensus outlook for 2020 has Opec battling to retain market share against a rising tide of rival output. The group last week agreed to extend production cuts to March 2020, but as things stand that will not be enough as inventories are set to swell further next year.

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