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Tuesday, January 26, 2021 8:24 GMT
The oil demand outlook for first quarter 2021 (Q1) appears murkier, with Europe’s demand for transportation fuel in particular expected to undershoot expectations given the lockdowns in place and slow pace of vaccine rollout, National Bank of Kuwait (NBK) has said in a review. Oil prices have surged in recent weeks, propelled by vaccine optimism and, more recently, by tighter supply-side dynamics, NBK said. By mid-January, Brent crude was up US$5 in 2021 so far to an 11-month high of...More