Baker Hughes: Long-awaited Energy Market Recovery Has Begun ...Middle East

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Baker Hughes: Long-awaited Energy Market Recovery Has Begun
source : OILPRICE ( Middle East ) () 28
The long-awaited, much-anticipated energy market recovery has begun, Baker Hughes CEO Lorenzo Simonelli said on Monday during CERAWeek, according to Reuters. The oil and gas industry suffered last year as the coronavirus pandemic knocked out demand as people hunkered down and stayed home, stifling travel. Since March 2020, the industry has been keeping a close eye on oil demand and oil inventories—metrics used to gauge the overall supply and demand balance. During this time, willful participants like OPEC+ have engaged in aggressive oil production…

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