By Julianne Geiger – 19 Aug 2020, 16:00 CDT Global oil demand is set to recover to near pre-covid-19 levels by the end of this year, Saudi Arabia’s Energy Minister Prince Abdulaziz said ahead of the OPEC + Joint Ministerial Monitoring Committee meeting today, according to The National. Specifically, Prince …
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By Julianne Geiger – 19 Aug 2020, 16:00 CDT Global oil demand is set to recover to near pre-covid-19 levels by the end of this year, Saudi Arabia’s Energy Minister Prince Abdulaziz said ahead of the OPEC + Joint Ministerial Monitoring Committee meeting today, according to The National. Specifically, Prince …
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Oil trade has been on the decline these past few weeks as conflict data pulls prices in different directions. But, according to some, a correction may be underway. Reuters’ John Kemp noted in its weekly column on fund trading that market movers last week were relatively indifferent to oil futures, …
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FATHI NASRI / Getty The International Energy Agency lowered its global forecasts for oil demand for 2020 and 2021 over expectations of a further decline in air travel. Although there has been a recovery in business and industrial activity, the agency has not shyed away from its estimate. The Paris-based …
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