Oil prices are resilient above the $80-per-barrel mark since early October. The strength of the U.S. dollar and the bearish OPEC monthly oil market report and the possibility of the U.S. withdrawing from its strategic petroleum reserves (SPR) all still didn’t push prices below the $80 mark. OPEC’s monthly report is commemorating the earlier U.S. …
The post OPEC Commemorates EIA’s Cautionary Oil Demand Outlook first appeared on Hellenic Shipping News Worldwide.
Author: Capt. John
https://www.hellenicshippingnews.com/opec-commemorates-eias-cautionary-oil-demand-outlook/