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EMEA crude spot markets navigate volatility amid Middle East escalation

Oil Markets

CHAPTER

Navigating Demand and Market Structures in Crude Oil

This chapter offers an in-depth look at the evolving dynamics of crude oil markets with a focus on Nigerian demand patterns influenced by key players such as Dangote. It contrasts current market conditions of backwardation with previous softer periods, highlighting the ongoing robust demand for oil despite existing challenges.

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