Global oil demand is set to return to pre-pandemic levels in 2022, the International Energy Agency said. COVID will keep impacting demand due to continued
NEW YORK: Oil prices reached fresh multi-year highs on Friday, closing out a third straight week of gains on an improved outlook for worldwide demand as rising COVID-19 vaccination rates help lift pandemic curbs
The 2021 oil boom in the U.S. and globally continues to progress at a surprisingly measured pace, a healthy sign for the industry even in the face of public policy uncertainty and tight financial markets.
U.S. investment bank Goldman Sachs expects Brent crude prices to reach $80 per barrel this summer, betting that a recent oil market rally will continue as vaccination rollouts boost global economic activity and demand for the commodity.