Oil markets reacted positively to the news of Opec+ tapering cuts gradually. Brent rose 1.24%, trading at $48.85 per barrel at 12.04am UAE time on Friday. Reuters
Oil markets reacted positively to the news of Opec+ tapering cuts gradually. Brent rose 1.24%, trading at $48.85 per barrel at 12.04am UAE time on Friday. Reuters
For Opec and oil there is a silver lining in Covid-19 vaccines
Economic activity will rebound and the pandemic will recede as people get vaccinated but an oversupply of oil next year should be avoided if Opec wants to regain market share