Analysts from Fitch Solutions said a fall in demand and an increase in supply could result in more than 20 million barrel per day of excess oil. That would put the oil market under "extreme physical pressure," they wrote in the report published before the OPE… [+2036 chars]View Full Story
Brent crude could plunge to 'single-digit lows' if OPEC+ can't agree on output cuts, says Fitch - CNBC
The Organization of the Petroleum Exporting Countries and its allies are expected to meet on Thursday instead of Monday — to try to agree on production cuts.
Author: Yen Nee Lee
Published: 2020-04-06 03:24 am