Average oil prices are expected to remain below $60 a barrel in 2021, according to the latest forecast by the Institute of International Finance (IIF), a Washington based association of global financial institutions. “We are keeping our oil price forecast unchanged at $60/bbl for 2021. We see global oil inventories rising supported by the gradual …
The post Expanding supply, fragile demand to keep oil prices weak first appeared on Hellenic Shipping News Worldwide.
Author: Capt. John
https://www.hellenicshippingnews.com/expanding-supply-fragile-demand-to-keep-oil-prices-weak/