The $80 per barrel threshold may not be the limit for oil prices in the coming months as global demand recovery continues and record natural gas prices spur more demand for oil products for power generation and heating. Despite the still lingering concerns over the Delta variant in many countries, mobility in developed economies continues to narrow the gap with 2019 levels amid higher vaccination rates and strong economic recovery.
Although developing economies in South and Southeast Asia are still imposing intermittent localized lockdowns,…Why $80 Oil Won't Destroy Demand
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