Post Tagged with: "2021 forecast"

Source:Rreuters

OPEC expects coronavirus to curb oil demand recovery into 2021

Reuters


LONDON – Global oil demand will rebound more slowly in 2021 than previously thought because of rising coronavirus cases, OPEC said on Wednesday, hampering efforts by the group and its allies to support the market.

Demand will rise by

EIA forecasts global stock draws through 2021

EIA forecasts global stock draws through 2021

EIA


The disruptions to global petroleum supply and consumption as a result of the 2019 novel coronavirus disease (COVID-19) and associated mitigation efforts have been significant. As road and air travel fell sharply when economies around the world went into …