Oil Market Bulletin - Tighter market supports higher prices
OPEC+ has again surprised the market last week by deciding to keep its current production unchanged in AprilSaudi Arabia committed to bring its voluntary 1 mn bbl/d cut only gradually back to the market
OPEC+ does not expect a quick ramp up of the US shale despite stronger oil prices
The proven commitment of OPEC+ to keep the oil supply tight has triggered an upward revision of our oil price forecast
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