OPEC announced yesterday that demand for oil will total 95.89 million barrels per day (bpd) in 2021
compared to its previous forecast of 96.26 million bpd.
The first-quarter demand estimate was cut by as much as 1 million bpd from 94.96 million bpd to 93.97 million bpd.
Continued problems with coronavirus in Europe served as the main catalyst for this revision.
don't be surprised if you see the oil price acting weird matter effect get ready for more moves like yester d's
there is also uncertainty news coming from vaccine look for selling opportunity on WTI crude oil
compared to its previous forecast of 96.26 million bpd.
The first-quarter demand estimate was cut by as much as 1 million bpd from 94.96 million bpd to 93.97 million bpd.
Continued problems with coronavirus in Europe served as the main catalyst for this revision.
don't be surprised if you see the oil price acting weird matter effect get ready for more moves like yester d's
there is also uncertainty news coming from vaccine look for selling opportunity on WTI crude oil
