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Deficit seen on oil supply this and next year: Prices set to rise – 10 May 2021

May 10, 2021

Oil prices are set to rise

One of the world's most prestigious research institutes envisages a a 1.3 mb/d market deficit in 2021 and a 0.8 mb/d deficit in 2022 for crude.

See the calculations behind this

This would mean that both gas and crude prices will rise further

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