MM119: When 'good' news is 'bad' news for markets & Are OPEC+ fighting a losing battle?
Market Maker
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Saudi Aramco and OPEC's Upbeat View of Oil Demand Growth
Sources close to OPEC say they will likely maintain an upbeat view of their oil demand growth for next year. CEO of state owned or producer, Saudi Aramco said that between 2019 and 2023, three million bows per day of growth have been seen in Asia. NIMEX net long positioning is the lowest it's been since 10 years despite Russia joining Saudi with production cuts.
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