Crude oil market headed for surplus as Omicron coronovirus variant impact muted

Crude oil market headed for surplus as Omicron coronovirus variant impact muted
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24.01.2022

MOSCOW (MRC) -- Oil supply will soon overtake demand as some producers are set to pump at or above all-time highs, the International Energy Agency (IEA) said on Wednesday, while demand holds up despite the spread of the Omicron coronavirus variant, according to The Economic Times."This time around, the surge is having a more muted impact on oil use," the Paris-based IEA said in its monthl

Full article at mrcplast.com

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