Post Tagged with: "oil recovery"

Source: Reuters

It’s reasonable for oil prices to be $60 to $75 in a year’s time, says oil expert Dan Yergin

CNBC


Demand and supply pressures will offset each other in the oil market, and it’s reasonable to expect prices to remain in its current range in one year’s time as countries recover from the coronavirus crisis, said oil expert Dan …

Source: Reuters

OPEC cuts, vaccines to sustain oil’s recovery: Reuters poll

Reuters


Oil prices will stabilise above $60 a barrel level this year, as vaccine rollouts support a demand recovery and OPEC and its allies continue to rein in supply, a Reuters poll showed on Wednesday.

The survey of 48 participants …

March 31, 2021 - 2:00 pm Closing Bell Story‎, Crude Oil News, Energy News, OPEC
Source: Reuters

Oil set for steady gains as economies shake off pandemic blues

Reuters


Oil prices will stage a steady recovery this year as vaccines reach more people and speed an economic revival, with further impetus coming from stimulus and output discipline by top crude producers, a Reuters poll showed on Friday.

The …

Source: Reuters

Column: U.S. oil inventories offer hope, and a warning, to OPEC+ – Kemp

Reuters


LONDON – U.S. petroleum inventories are gradually normalising as output curbs by OPEC+ and processing restraint by refiners push the oil market back towards balance.

But with stocks of crude and distillates still well above the five-year average, OPEC+ …

Source: Reuters

OPEC chief says rising infections may delay oil recovery

Reuters


LONDON – OPEC’s secretary general said on Monday an oil market recovery may take longer than hoped as coronavirus inflections rise around the world, and OPEC and its allies would “stay the course” in balancing the market.

The Organization …

October 26, 2020 - 3:30 pm Closing Bell Story‎, Crude Oil News, Energy News, OPEC
Source: Reuters

Column: Oil recovery waits for international flying to return – Kemp

Reuters


LONDON – Jet fuel consumption remains the hardest hit section of the global oil market as passengers avoid air travel as a result of the pandemic and government travel restrictions.

The specific problems of the jet market explain why …

September 18, 2020 - 10:30 am Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Oil set for fragile recovery as economies limp towards normal: Reuters poll

Reuters


Oil prices are set for a slow crawl upwards this year as the gradual easing of coronavirus-led restrictions buoy demand, although a second COVID-19 wave could slow the pace of recovery, a Reuters poll showed on Friday.

The survey …

July 31, 2020 - 3:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Finance
Source: Reuters

Global recovery unlikely to be v-shaped, says Shell chief

Reuters


LONDON  – The global economy will not achieve a v-shaped recovery after the coronavirus epidemic, which will curtail oil and gas demand for years, Royal Dutch Shell’s (RDSa.L) chief executive said.

Ben van Beurden told an online …

July 16, 2020 - 12:00 pm Closing Bell Story‎, Crude Oil News, Energy News, OPEC
Source: Reuters

Column: Oil traders see market starting road to recovery: Kemp

Reuters


LONDON – Crude oil traders expect the market to be closer to balance in the next few months as production cuts are implemented and the global transport system emerges from a coronavirus lockdown.

Futures prices and swaps linked to …