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oil producers

OPEC ‘cautiously optimistic’ oil market will recover in 2021
Markets

OPEC ‘cautiously optimistic’ oil market will recover in 2021

  • We all agree that the recovery is fragile, there are still more uncertainties, but we are cautiously optimistic that the recovery will materialise this year.
  • This year the way we see it is a year of recovery, whether it's going to be the end of the year where we are supposed to reach the balance or the beginning of 2022.
Updated 19 Jan, 2021 11:14pm
IEA says oil market outlook clouded by vaccine roll-out variables
Markets

IEA says oil market outlook clouded by vaccine roll-out variables

  • Producers are grappling with huge uncertainty about where this goes from here.
  • "That's not just in terms of economic recovery but indicators we wouldn't necessarily normally be looking at: (such as the) levels of trust in different countries about vaccines."
Published 13 Jan, 2021 06:28pm