• 4 mintues Texas forced to have rolling brown outs. Not from downed power line , but because the wind energy turbines are frozen.
  • 7 minutes Forecasts for oil stocks.
  • 9 minutes Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 13 minutes European gas market to 2040 according to Platts Analitics
  • 3 hours Simple question: What is the expected impact in electricity Demand when EV deployment exceeds 10%
  • 4 hours America's pandemic dead deserve accountability after Birx disclosure
  • 2 mins Putin blocks Ukraine access to Black Sea after Joe blinks
  • 2 hours Today Biden calls for Summit with Putin. Will Joe apologize to Putin for calling him a "Killer" ?
  • 1 day U.S. Presidential Elections Status - Electoral Votes
  • 5 days Joe Biden's Presidency
  • 17 hours Fukushima
  • 18 hours Biden about to face first real test. Russia building up military on Ukraine border.
  • 1 day CO2 Mitigation on Earth and Magnesium Civilization on Mars – Just Add Water
  • 4 days New Chinese Coal Plants Equal All those in U.S.A

Breaking News:

Tesla Crash In Texas Leaves 2 Dead

Oil Demand Is Finally Bouncing Back

Oil Demand Is Finally Bouncing Back

Oil demand is finally bouncing…

Is This The Most Exciting Commodity Play Of 2021?

Is This The Most Exciting Commodity Play Of 2021?

Helium supply is being exhausted…

Editorial Dept

Editorial Dept

More Info

Premium Content

Oil Demand In Asia Is Bouncing Back

1. V-shaped recovery and a bull market

- While the V-shaped recovery hopes were dashed for 2020, the highly-effective vaccines set to be made available in the coming months promises a swift recovery in the latter half of 2021.

- But the story could be even bigger. Goldman Sachs says that the “recovery in commodity prices will actually be the beginning of a much longer structural bull market for commodities.”

- The investment bank said there are three main drivers: under-investment in supply, Covid-related fiscal stimulus, and a weaker dollar combined with inflation risk. All add up to a bull market in the coming years.

- Goldman says the 2020s could see a “structural bull market on par with the 2000s.”

- But the story doesn’t end there. The bank adds that green stimulus capex could be as big as BRIC’s investment 20 years ago, but developing countries (particularly China) will also see a consumer spending boost that did not occur the last time around.

2. OPEC+ probably needs to extend

- OPEC+ is scheduled to unwind the current production cuts of 7.7 mb/d to just 5.7 mb/d beginning in January. But the group has sent signals that they may have to wait on the production increase.

- Refining runs in the Atlantic Basin – Europe and the U.S. – remain at the lowest levels in two decades. Much of Europe and the U.S. is suffering through the worst coronavirus wave yet, prompting…





Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News