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Like Lipstick On A Pig: The Russia-Saudi Oil-Production Freeze

While the oil market looked right through the Russian-Saudi production-freeze announcement earlier this week, we believe these states may be attempting to put lipstick on the proverbial pig, to provide a plausible narrative to explain the physical reality of lower oil production in a sub-$30/bbl world.

BCAリサーチ | Commodity & Energy Strategy

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