While crude has now doubled from its low in mid-April, the path back to pre-virus levels of oil demand still looks uncertain
There’s still a risk, however, that oil’s recovery could be derailed if the pandemic worsens
Saudi Arabia aims to pump just under 7.5 million barrels a day in June, compared with an official target of about 8.5 million a day
Prices for benchmark Brent crude have slumped 52 per cent this year, falling far below levels that most governments in the region need to balance their budgets
Kuwait’s oil minister said on Sunday OPEC was unlikely to cut production to support prices.
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