RenCap removes line from Rosneft note saying 10 million bpd cut would rebalance markets

April 9, 2020 admin Business News Comments Off on RenCap removes line from Rosneft note saying 10 million bpd cut would rebalance markets

Renaissance Capital updated a note giving a readout on a call with Rosneft to remove a line saying the Russian energy giant believed a cut in oil output by OPEC+ of 10 million barrels per day (bpd) would be sufficient to balance markets.

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Source:: Reuters – Business News