The Consolidation Of U.S. Shale

The Consolidation Of U.S. Shale

OilPrice.com

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1. Demand stalls on COVID resurgence - “We think that the oil market would mount a significant rally if the flow of global demand data was strong,” Standard Chartered wrote in a note. “However, there is no fuel for any such rally currently; demand recovery has disappointed, and in some regions prospects are worsening.” - The investment bank estimates that global oil demand in August stood at 90.39 mb/d, down 592,000 bpd from a month earlier. Demand was down 11.58 mb/d year-on-year, worse than July’s figure of down…

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