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Monthly Oil Market Update – May 2020

OPEC production increased by 2.16mbpd to 30.41mbpd in April compared to average of 28.24mbpd in Q1 and 1.8mbpd higher than the level in March of 28.62mbpd. Brent crude oil price fell by $7.74/barrel to $27.38/barrel in April, down from March...