fxstreet.com 11 Feb, 2021 10:15 am

Stage is set for OPEC+ to start unwinding cuts in H2 2021

Stage is set for OPEC+ to start unwinding cuts in H2 2021
In its latest monthly report, the International Energy Agency (IEA) predicted the global oil demand to rise strongly, staging a set for the OPEC and i

24 mln bpd in Q4 2020 from 1.56 mln bpd in Q3.4 mln bpd in 2021 to 96.4 mln bpd.

Oil demand is expected to fall by 1 mln bpd in q1 2021 from already low q4 2020 levels.Global refinery throughput declined by 110,000 bpd in December, annual growth to resume in Q2 2021.

Read full story at fxstreet.com