Brent crude prices are approaching $60 a barrel, a one-year high, driven in large part by OPEC+ cuts that are set to keep the oil market in deficit this year.
By Reuters Staff
1 Min Read
LONDON (Reuters) - Global oil demand is set to recover by 6 to 6.5 million barrels per day in 2021, Vitol CEO Russel Hardy told an industry event on Wednesday.
Hardy said that in Europe, demand is unlikely to start rising before April, as restrictions to control the spread of the coronavirus limit mobility across the continent.
Reporting by Ahmad Ghaddar; editing by Jason Neely