Post Tagged with: "oil inventories"

Source: Reuters

OPEC bullish on oil market recovery but virus variants pose risk

Reuters


LONDON – OPEC sees a strong rebound in oil demand in the second half of 2021 with oil inventories shrinking but the producer group also sees coronavirus variants posing a risk to the recovery.

Demand in 2021 was expected …

Source: Reuters

Oil extends gains on vaccine hopes, shrugs off U.S. inventory build

Reuters


LONDON – Oil prices climbed for a fourth straight session on Wednesday, shrugging off a report showing U.S. crude inventories rose more than expected and extending a rally driven by hopes that a COVID-19 vaccine will boost fuel demand.…

Source: Reuters

Exclusive: OPEC+ sees oil cut extension curbing 2021 rise in oil stocks, document shows

Reuters


DUBAI/LONDON/MOSCOW – OPEC and its allies see oil inventories declining further in 2021 should producers extend supply curbs for three months or more, a confidential document seen by Reuters shows, supporting the case for a tighter policy on crude …

Source: Reuters

Oil inventories to edge up, impact from Biden policies to take time – Mercuria

Reuters


LONDON – Global oil inventories may see a small rise in November due to new coronavirus-related restrictions but could return to pre-COVID-19 levels as soon as the second quarter of 2021, the chief executive of Mercuria Energy Trading said …

November 9, 2020 - 10:30 am Closing Bell Story‎, Commodity Pricing, Crude Oil News, OPEC
Source: Reuters

Exclusive: OPEC fears second virus wave to prolong oil inventory overhang

Reuters


LONDON – OPEC fears its record oil cuts will fail to rebalance the market and solve the worst glut in history if a second wave of the COVID-19 pandemic undermines an economic recovery later this year, according to internal …