Tag: Oil demand

A second wave of COVID-19 will have ‘major consequences’ for the oil market, IEA warns

The International Energy Agency (IEA) said on Thursday that market forces had “demonstrated their power” on the supply side of the oil market in recent weeks, but concerns remain over the potential for a second wave of Covid-19 infections.

Billionaire Howard Marks calls the global oil crash ‘completely rational’

A plunge in U.S. crude oil prices this week reverberated across global financial markets and fueled renewed worries over the beleaguered shale oil industry. Yet billionaire investor Howard Marks isn’t panicking.
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