Rystad sees downside risk to 2020 oil prices due to excessive supply growth

Oil market is going from gloomy to gloomier, according to a Friday report by the Norwegian energy intelligence firm, Rystad Energy.

“Recent developments in the oil market have sent cold shivers through Rystad Energy’s oil market team, calling into question our short- bullish view for the first part of 2020 linked to the new IMO shipping fuel regulations,” Rystad said on Friday.

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