The IEA raises its Estimate for Oil Demand as Vaccinations Improve the Outlook

oil

LONDON (Reuters) – Vaccine rollouts are improving the outlook for worldwide oil demand, according to the International Energy Agency (IEA). But experts are also pointing out that increasing cases in some big oil-consuming nations indicate that recovery could be fragile. In its monthly study, the IEA said that demand is looking better. The huge problem […]

Oil Prices Plummet as the New Virus Strain Reinforces Fear

The year 2020 – a game-changer year is almost behind us, and as we continue to watch the unfolding of the ripple effect the pandemic created, new issues constantly keep emerging and disrupting the slow progression of the much needed global recovery. The sudden economic halt, worldwide lockdowns, strict curfews, governmentally issued restrictions made it […]