Oil has rallied more than 50 per cent this year as the vaccine rollout boosts demand in key economies
Rollout of coronavirus vaccines and improvement in ties between the US and China are likely to improve demand for oil
Prices will remain unchanged for the seventh consecutive month in October
Tech companies should consider the necessary structural changes that will ensure their companies can survive in the post-pandemic business environment
OPEC and allied producers have started to ease output curbs amid weakening demand
Prince Abdulaziz said the next two weeks will be “critical” for OPEC+ to demonstrate all countries are adhering to agreed production cuts
While crude has now doubled from its low in mid-April, the path back to pre-virus levels of oil demand still looks uncertain
The next six to nine months will be “tough” for the aviation industry
Airlines across the globe are cutting jobs as the pandemic hit travel demand
Oil is still up almost 70 per cent this month as supply curbs trim a global glut and pockets of demand emerged after the easing of lockdown restrictions
Oil has surged about 75 per cent this month as pockets of demand return
There’s still a risk, however, that oil’s recovery could be derailed if the pandemic worsens
OPEC+ will look at all options when it meets again in June, Mohammad Barkindo said
Global demand will drop by more than 9 million barrels a day in 2020, according to the IEA
The agency said demand growth in 2017 is likely to be flat at around 1.3 million barrels per day