Mid-Week Review – November 20, 2019

By Published On: November 20, 2019Categories: Crude, Daily Market News & Insights, Diesel, Gasoline

U.S. oil futures mark lowest finish so far this month

Oil futures fell on Tuesday, with U.S. prices settling at their lowest so far this month. A report from Reuters said Russia would likely commit to extend an existing pact to curb output at the early December meeting of the Organization of the Petroleum Exporting Countries and non-member allies but wouldn’t support deeper cuts.  Click here to read more from MarketWatch.

Oil slumps on oversupply fears, trade talk concerns

Oil fell more than $1 a barrel on Tuesday on concerns about excess global crude supply and limited progress toward resolving the U.S.-China trade dispute that has clouded the outlook for oil demand.  Click here to read more from Reuters.

Saudi Aramco’s IPO is set to value the oil giant at up to $1.7 trillion

Saudi Arabia’s state oil giant could be valued at up to $1.7 trillion, according to a price range announced Sunday for its upcoming listing, less than the $2 trillion figure the kingdom’s crown prince had previously targeted.  Click here to read more from CNBC.

Iraq’s Largest Oil Fields Threatened by Anti-Government Protests

Anti-government protests in Iraq continued Monday, with protesters blocking roads leading to five oil fields in the southern Iraqi province of Basra, which is home to the biggest oil fields and the key oil export terminal in OPEC’s second-largest producer.  Click here to read more from Oilprice.com.

This article is part of Crude

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The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.

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