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May 15, 2020

Oil back at early April highs as demand shows signs of picking up- oil and gas 360

Oil back at early April highs as demand shows signs of picking up

May 15, 2020

Reuters LONDON  – Oil prices touched a one and a half month high on Friday amid signs demand for crude was picking up, with China reporting increased refinery runs and rounding out a week of bullish news on the supply front. West Texas Intermediate (WTI) oil was up $1.06, or 3.85%, at $28.62 a barrel at 1347 GMT, after reaching

IEA Executive Director Fatih Birol on What is Starting to Bring Oil Markets Back to Balance -oilandgas360

IEA Executive Director Fatih Birol on What is Starting to Bring Oil Markets Back to Balance; Early Signs of Recovery in Global Energy Demand; and Why Predictions for the Demise of U.S. Shale are “Premature”

May 15, 2020

In a conversation with Daniel Yergin, vice chairman, IHS Markit (NYSE: INFO), Birol talks about why the previous month could become known to history as the oil industry’s “Black April,” the importance of including energy investments as part of COVID-19 stimulus and more.

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