THE DEMAND-SUPPLY OF OIL MARKET IS WEAKENING

Highlights:

• The crude market is experiencing a crunch due to the coronavirus pandemic.
• Brent crude oil futures for July is fetching smaller premiums as compared to August barrels.
• Shipments are expected to accelerate towards Europe from this month.

The crude oil market is experiencing a crunch due to the coronavirus pandemic. It is expected that more cargoes will arrive....