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Oil recovery shows demand is still on a rising trend

From woodmac.com

The Great Influenza of 1918-19 was one of the greatest disasters of the 20th century, estimated to have killed more than 50 million people. But it ended relatively quickly, hitting in three waves between the spring of 1918 and the spring of 2019. It has been 21 months since the Covid-19 virus was first identified in January 2020, and the worldwide death rate is still higher than it was for most of last year. But although the pandemic is still with us, its impact on the world economy and on energy demand is fading. Resurgent demand has been a key factor in the record high gas and coal prices recorded in Europe and ... (full story)

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  • Category: Fundamental Analysis