The Business Times

Julian Lee

JULIAN LEE IS AN OIL STRATEGIST FOR BLOOMBERG FIRST WORD. PREVIOUSLY HE WORKED AS A SENIOR ANALYST AT THE CENTRE FOR GLOBAL ENERGY STUDIES. @JLEEENERGY

In a virtual meeting on June 30, the group of 23 oil-exporting countries agreed to add back in August the final tranche of the 9.7 million barrels a day of supply that they agreed to cut back in April 2020.

Opec+ did its job, but don’t expect it to disappear

Oil producers have added back all the production they cut in 2020 — at least on paper — but members have no...

Oil has become attractive as an alternative fuel because gas prices have soared.
THE BOTTOM LINE

Oil demand forecasts aren’t as bullish as they seem

Oil has become an attractive alternative fuel because gas prices have soared. But Europe is rapidly replenishing its natural gas stockpiles.

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