Oil storage glut could ease by mid-2021 at the earliest: Westwood Global Energy

Oil markets may move to a net draw or "undersupplied" position in July or August, if the U.S. shale industry remains under pressure and OPEC+ production cut deals see a minimum 75% compliance, all of which could help to restore Brent prices to pre-virus levels, says Thom Payne, director of Westwood Global Energy Group.
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Mon, Jun 8 20201:39 AM EDT