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Rystad: Oil market balance in 2020 depends on 3 factors

Any effort to bring the oil market into balance in 2020 will rely on three factors: extended OPEC output cuts, the impact of IMO 2020 regulations and no economic slowdown, according to Rystad Energy. "Markets can balance with an extension of OPEC cuts through 2020, as we believe the IMO 2020 regulations will create more demand for crude oil," said Bjornar Tonhaugen, Rystad Energy's head of oil market research.

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