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Brent needs to fall to USD 58/b to make cheating unprofitable for Kazakhstan

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Publicerad: 02 Jun 11:11

Brent jumping 2.

4% as OPEC+ lifts quota by ”only” 411 kb/d in July. Brent crude is jumping 2.

4% this morning to USD 64.

3/b following the decision by OPEC+ this weekend to lift the production cap of ”Voluntary 8” (V8) by 411 kb/d in July and not more as was feared going into the weekend.

The motivation.

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Brent needs to fall to USD 58/b to make cheating unprofitable for Kazakhstan

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