Today Energy Report : 21.11.2019
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Following the monthly report of all three major oil agencies, the demand outlook of oil is likely to remain fragile amid potential
slowdown in global economic growth which is being hard hit by unresolved U.S. – China trade deal.
We believe development in trade deal
between U.S. and China will emerge as decisive factor to lead fresh direction to oil prices. Moreover, the fear of rising oil production from
U.S. on shale oil boom will probably keep sentiments suppressed.