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Oil Demand And Price Projections From McKinsey

McKinsey has produced a new report for oil demand and price projections into 2025. While oil inventories remain high and volatility is expected to remain for several years, they expect usage to pick up to pre-COVID levels later this year or in 2022 at the latest: Oil...

Oil Market To Recover Later in 2021

Happy New Year! After a year dominated by COVID headlines, most people around the world wonder what 2021 has in store in terms of their health, the economy and where the world is headed in general terms. The International Energy Agency (IEA) currently projects that...

Oil Price Projections To 2024

In 2021, the Brent spot price is expected to average $47.07 per barrel and the WTI spot price to average $44.72 per barrel.Rigzone In 2021, the average oil price is expected to be slightly higher than the average price of oil in 2020. The current average prices of oil...