Tag Archives: Demand for oil

[ad_1] First Pfizer and now Moderna have delivered a much-needed blow to the struggling oil industry, with their news of the effectiveness of vaccine candidates spiking stocks over the past week. Pfizer news kicked off the best week ever for energy stocks, CNBC reported, and Moderna’s update marked the start …

[ad_1] The OPEC + group met 101% of October’s oil production cuts, maintaining a high level of compliance ahead of the crucial meetings over the next two weeks, which will decide whether the alliance will reverse the course on easing the cuts given the worsening of demand prospects. Compliance last …