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WTI prices remained relatively unchanged since last week’s oil report. In the current report we intend to have a look at the state of the US wti market, Iraq’s commitment to OPEC’s production cuts, and the difference in global oil demand forecasts between the IEA and OPEC. To conclude the report we will also provide a technical analysis of WTI’s daily ...
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Foreign oil companies in Venezuela are concerned they won’t get licenses from the US in time to allow them to operate after May 31. Oil firms that want to stay in Venezuela are flooding the US Treasury’s Office of Foreign Assets Control with applications for permits after Washington reimposed sanctions last month, leaving officials struggling to clear the ...