Barclays: Reopening economies drive oil demand higher ...News

Russia Today - Economy
Barclays: Reopening economies drive oil demand higher
source : Russia Today ( News ) () 8
Global oil demand is recovering with major economies reopening amid a cautious supply approach from OPEC+ and restraint in US shale, Barclays says. Despite the possibility of a return of Iranian oil supply and the resurgence of Covid in parts of Asia, global oil demand is “healing” and oil inventories are set to normalize over the next two to three months, the UK bank said in a note on Friday carried by Reuters. Barclays expects the global market to be in a deficit of around 1.5 million barrels per day (bpd) in the second half of this year.   Also on rt.com Oil demand set to

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