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Oil Down on OPEC, China Concerns, As Kemp Sees A Stutter In The Bull Run
by Ship & Bunker News Team
Monday March 1, 2021 But Hess Corp sees fossil fuel demand rising for at least another decade: File Image/PixaBay Even though it wasn t much of a concern to analysts in the recent weeks it became a news topic of debate, the likelihood that the
Organization of the Petroleum Exporting Countries (OPEC) and its allies would soon increase oil output caused a more than
1 percent drop in crude prices on Monday. Trading was also negatively influenced by reports that
China s factory activity growth slipped to a nine-month low in February.
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