MARKETS

OPEC forecast boosts optimism

OIL demand will recover in the second half of the year as the economy recovers and vaccinations speed up globally, according to OPEC’s latest monthly forecast released overnight.

Helen Clark

Full year demand might recover by 5.9 million barrels of oil per day this year in total, a rise of 100,000bopd over estimates a month ago. Overnight OPEC raised its full-year forecast in the latest...

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