Posted on

Will oil demand recover in 2021?


Oil prices are rallying due to the decision by OPEC+ to extend cuts, but there are still plenty of problems for the oil industry to overcome in 2021.

Oil prices are rallying aggressively on the back of Saudi Arabia’s surprise cut and optimism over the rollout of vaccines across the world. News of a new strain of COVID19, however, has hurt the prospect of a demand recovery in Europe. The big question now for analysts is what does 2021 hold for oil markets?READ MORE: Oil rallies to 11-month highs on surprise Saudi cuts & US crude supply dropThe International Energy Agency ( …

Read More