Energy

OPEC maintains 2021 demand forecast amid Covid pandemic fears

0


An oil pumping jack, also known as a “nodding donkey”, in an oilfield near Dyurtyuli, in the Republic of Bashkortostan, Russia, on Thursday, Nov. 19, 2020.

Andrey Rudakov | Bloomberg | Getty Images

LONDON — Oil producer group OPEC on Thursday kept its 2021 forecast for global oil demand growth unchanged, but warned uncertainties over the impact of the coronavirus pandemic remain high.

The closely-watched oil market report comes as coronavirus cases continue to surge worldwide, with new lockdowns imposed in Europe and parts of China.

In recent weeks, optimism about the mass rollout of coronavirus vaccines appears to have been tempered by the resurgent rate of virus spread.

It has resulted…



Source cnbc.com

Stocks to rally in 2021 but not as much as last year

Previous article

Grayscale sees 900% jump in inflows as Wall Street flocks to bitcoin

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Energy