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'Our liquids balances now show a jaw-dropping 3.6 million barrel per day deficit for August'.

'It is perhaps unwise to attempt to rationalize the market reaction', analysts at Standard Chartered Bank said.

May and June are critical for oil fundamentals, analysts at Standard Chartered Bank said.

Oil trader Pierre Andurand is riding a resurgence in crude prices.

'I think oil will go upwards of $140 a barrel once Asia fully reopens'.

'There's room to the upside for prices'.

Angola announced it's leaving OPEC following 16 years of membership.

Angola reduced its gasoline subsidy.

The Namibe Basin's oil fields are relatively unexplored and pose technical challenges.

If announced projects for the manufacturing of PV, electrolyzers and batteries as of September are put into operation, clean energy deployment will meet 2030 targets, according to the IEA.