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 ear
Also in this section
11 February 2026
Panellists from three LNG buyers at LNG2026 in Doha outlined their evolving procurement strategies as they navigate heightened market volatility
11 February 2026
North African producer plans to boost output by early 2030, with Europe its number one priority as export destination
11 February 2026
Maritime leaders at LNG2026 warned of the dangers of over-regulation on competitiveness, sustainability and innovation
10 February 2026
The country has opened bidding on 50 blocks in a new licensing round but will face competition for attention and will need to address concerns about security and legislation
