The Rebound In Oil Demand Will Drop a Barrel To $ 66 In 2021 And $ 83 In 2023

[rainman + 263]

The drop in oil demand has not reached dreaded levels despite the sharp contraction in the world economy, which according to Energy Aspects is proof that the world depends and will still depend a lot on oil. For the firm, demand will increase very quickly and prices will rise.

According to Energy Aspects, a British energy consultancy, a rebound in global demand for oil is underway and will exceed producers' ability to restore supply. This will drop the average Brent price from around $ 43 a barrel this year to $ 66 next year and $ 83 in 2023.

https://business.devilhunter.net/2020/07/the-rebound-in-oil-demand-will-drop.html  

 

[Old-Ruffneck + 1,235]

21 hours ago, rainman said:

The drop in oil demand has not reached dreaded levels despite the sharp contraction in the world economy, which according to Energy Aspects is proof that the world depends and will still depend a lot on oil. For the firm, demand will increase very quickly and prices will rise.

According to Energy Aspects, a British energy consultancy, a rebound in global demand for oil is underway and will exceed producers' ability to restore supply. This will drop the average Brent price from around $ 43 a barrel this year to $ 66 next year and $ 83 in 2023.

https://business.devilhunter.net/2020/07/the-rebound-in-oil-demand-will-drop.html  

 

Yuppers, oil will be around for a very long time. The Link above is removed so "Energy Aspects" is just one more consulting firm with a hand out trying to make a buck and predict the future. About as far as i would predict is 6 months and there are at this moment safer places to store money, even if its return is 2%, better than getting sucked into the oil pit.