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  • OPEC says oil demand will recover even more slowly in 2021 than it previously thought.

  • The Crude producers Group now sees demand rising next year by 6.25 million barrels per day.

  • That is 300,000 less than it predicted a month ago.

  • The group says recent moves to put Europe back into lock down would impact demand for the rest of this year, with a lingering impact well after it sees demand for Transportacion and industrial uses, both staying week to tackle this year's collapse in demand.

  • OPEC and its allies have made record cuts to production.

  • Output fell as much as 10% in the spring.

  • Now, the glum outlook could put in question plans to increase production again next year.

  • This week's news on possible vaccines has, however, offered a ray of hope for exporters.

  • International benchmark prices hit two month highs around $45 a barrel on Wednesday on hopes of an economic revival.

OPEC says oil demand will recover even more slowly in 2021 than it previously thought.

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B1 demand production oil impact benchmark month

OPEC sees even slower oil demand recovery

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    林宜悉 posted on 2020/11/11
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