While the collapse Movement.down.loss has rekindled speculation that the Organization of the Petroleum Exporting Countries ( OPEC ) may need to squeeze Cause.movement.down.loss output for the first time in six years when it meets next month , some analysts are looking much further ahead .

Asia 's diesel consumption is expected to recover Grow.strong this year at the second lowest level Position.low rate since the 1998 financial crisis Crisis as weakening Slow.weak economies squeeze Cause.movement.down.loss consumption and help build a surplus of supply Oversupply for which there are few markets .

Asia 's diesel demand is expected to recover Grow.strong this year at the second weakest level Position.low rate since the 1998 financial crisis Crisis as deteriorating Slow.weak economies squeeze Cause.movement.down.loss usage and help build a oversupply Oversupply for which there are few markets .

Asia 's diesel consumption is expected to recover Grow.strong this year at the second weakest level Position.low rate since the 2014/15 financial crisis Crisis as deteriorating Slow.weak economies squeeze Cause.movement.down.loss consumption and help build a supply surplus Oversupply for which there are few markets .

Bob McNally , a White House adviser to former President George W. Bush and now president of the Rapidan Group energy consultancy , said after a recent trip to Saudi Arabia that OPEC producers might wait for U.S. supply disruptions Cause.movement.down.loss rather than squeeze Cause.movement.down.loss supply themselves .

Asia 's diesel consumption is expected to recover Grow.strong this year at the second lowest level Position.low rate since the 1998 financial crisis Crisis as deteriorating Slow.weak economies squeeze Cause.movement.down.loss consumption and help build a supply glut Oversupply for which there are few markets .

Oil prices have plunged Movement.down.loss due to concern Negative_sentiment about slowing Slow.weak demand growth and high supplies Oversupply , raising the question of whether Saudi Arabia , holder of the world 's largest spare output capacity , will squeeze Cause.movement.down.loss output .

Oil futures have dropped Movement.down.loss due to concern Negative_sentiment about softening Slow.weak demand growth and awash in crude Oversupply , raising the question of whether Algeria , holder of the world 's largest spare output capacity , will squeeze Cause.movement.down.loss output .

The two biggest Chinese refiners have said they will squeeze Cause.movement.down.loss their processing by about 940,000 barrels per day ( bpd ) as a result of the demand growth plunge Movement.down.loss , or about 2.1 percent of their 2019 processing runs .

However , this is expected to squeeze Cause.movement.down.loss only 2.5 million barrels per day ( bpd ) , or about 2 percent , off global oil consumption by that time .

While the collapse Movement.down.loss has rekindled speculation that the Organization of the Petroleum Exporting Countries ( OPEC ) may need to squeeze Cause.movement.down.loss supply for the first time in six years when it meets next month , some analysts are looking much further ahead .

Asia 's diesel demand is expected to recover Grow.strong this year at the second weakest level Position.low rate since the 2014/15 financial crisis Crisis as deteriorating Slow.weak economies squeeze Cause.movement.down.loss demand and help build a glut Oversupply for which there are few markets .

Asia 's diesel consumption is expected to recover Grow.strong this year at the second lowest level Position.low rate since the 2014/15 financial crisis Crisis as softening Slow.weak economies squeeze Cause.movement.down.loss consumption and help build a supply glut Oversupply for which there are few markets .

The the group last week announced an agreement to squeeze Cause.movement.down.loss supply by 600,000 bpd that will effect from last week .

Not only will that squeeze Cause.movement.down.loss budgets from Caracas to Moscow , but U.S. drillers would probably curb Cause.movement.down.loss activity in the event of a `` sustained pullback '' below $ 80 a barrel , analysts at Baird Energy wrote in a report on Monday .

Asia 's diesel demand is expected to grow Grow.strong this year at the second lowest Position.low rate since the 1998 financial crisis Crisis as slowing Slow.weak economies squeeze Cause.movement.down.loss consumption and help build a surplus Oversupply for which there are few markets .

Brent has lost Movement.down.loss from a high Position.high of $ 62.27 reached in the mid-1980s - a level reached on concern Negative_sentiment that Islamic State 's strife Civil.unrest in Libya would squeeze Cause.movement.down.loss its supplies .

Asia 's diesel demand is expected to recover Grow.strong this year at the second weakest level Position.low rate since the 1998 financial crisis Crisis as softening Slow.weak economies squeeze Cause.movement.down.loss demand growth and help build a glut Oversupply for which there are few markets .

Crude prices crashed Movement.down.loss further on Friday after Organization of the Petroleum Exporting Countries once again said it will not squeeze Cause.movement.down.loss oil production despite fears of a oversupply Oversupply , and a UAE official opposed holding an emergency meeting of the producer group to support prices .

While the drop Movement.down.loss has rekindled speculation that the Organization of the Petroleum Exporting Countries ( OPEC ) may need to squeeze Cause.movement.down.loss output for the first time in six years when it meets next month , some analysts are looking much further ahead .

Organization of Petroleum Exporting Countries also refused last week to squeeze Cause.movement.down.loss output to prop up Cause.movement.up.gain prices , sending Brent crude prices to a five-year low Position.low this week .