1. Upcoming OPEC+ Meeting Might be An Exercise in “Ouching”- Saudi Arabia’s Energy Minister Abdulaziz bin Salman has warned oil market speculators that hey will be “ouching” very soon if they continue shorting oil futures. - Trading positions of the managed money segment, comprising hedge funds and other non-commercial participants, have slumped to the lowest net length since at least 2011.
- Whilst refined products, especially gasoline in the US, have seen some lengthening recently, net sales of crude oil have continued…Are Oil Majors Spending Enough On Research And Development?
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