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OPEC sees demand falling by 8.95 mbpd this year, increasing by 7 mbpd in 2021 - OPEC monthly oil report

  • Sees 2020 demand dropping 8.95 mbpd compared to a decrease of 9.07 in prior report
  • Sees U.S. output down 1.37 mbpd this year; up 0.24 mbpd next year
  • Oil stocks are 210 million barrels above 5-year average
  • Efficiency gains and remote working to cap demand rise in 2021 to below 2019 levels

Commodities. Daily history for Monday, July 13, 2020
Raw materials Closed Change, %
Brent 42.08 -1.27
Silver 19.04 1.71
Gold 1801.968 0.18
Palladium 1976.8 0.41

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