Related Articles
Forward article link
Share PDF with colleagues

In hope of greater market certainty

The key questions for 2021’s oil markets remain tough to answer. But milestones on the road will make the picture clearer

Coronavirus has dominated the oil markets this year, and the same is expected for next year. Front-month Ice Brent prices surged by $10-12/bl in early December compared with end-of-October levels, trading at c.$47-49/bl, the highest prices seen since March. Markets have been buoyed by positive developments on Covid-19 vaccines, which are expected to boost the global economy and oil demand through the second half of 2021. From a demand perspective, oil traders are simultaneously dealing with two extremes: a potential worsening situation in the coming few months from coronavirus infections, the global economy and oil demand, but, in the second half of next year, the exact opposite. At this ea

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Offshore exploration heats up in Guyana
18 June 2021
Production from the Liza project is ramping up, but operators still have plenty of exploration options ahead
Indonesia’s upstream shifts as IOCs exit
17 June 2021
State-owned Pertamina may see further expansion of its role if more international firms exit without finding alternative buyers
Election setback for Mexican president
17 June 2021
Efforts to can Mexico’s historic energy reforms face further hurdles after government fails to sweep Congressional mid-terms
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video