Post Tagged with: "oil market rebalancing"

Source: Reuters

OPEC president says oil market rebalancing, pandemic still a risk

Reuters

LISBON- The global oil market is rebalancing after damage to demand wrought by the COVID-19 pandemic was met with curbs on output by producers from the Organization of the Petroleum Exporting Countries (OPEC), the group’s president said on Tuesday.…

March 2, 2021 - 10:30 am — Closing Bell Story‎, Commodity Pricing, Crude Oil News, Exploration and Production (E&P), OPEC
Source: Reuters

Oil market rebalancing will soon set stage for more OPEC+ supply: IEA

Reuters

LONDON – Global oil supply still outstrips demand due to persistent COVID-19 lockdowns and the spread of variants, the International Energy Agency (IEA) said on Thursday, but vaccines should help demand recover and soon enable producers to pump more.…

February 11, 2021 - 1:30 pm — Capital Markets, Closing Bell Story‎, Crude Oil News, Energy News
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