Oil demand lifts prices, but further upside is limited

Brent futures near USD60 per barrel will bolster non-OPEC output and relieve oil firms and oil-producing states alike

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In this article

  • Pandemic recovery drives oil demand
  • Inventories and output
  • US crude oil production
  • OPEC+ production
  • Policy environment
  • Transition accelerates

What is this?

This article is from the Oxford Analytica Daily Brief, which analyses geopolitical, economic, social, business and industrial developments on a global and regional basis, providing clients with timely, authoritative analysis every business day of the year. Find out more about the Oxford Analytica Daily Brief, or request a trial.