Bulletin Updates
Global oil demand seen returning to pre-pandemic levels within a year: Moody's – 11 Oct 2021
Oct 11, 2021
Credit rating agency Moody's has increased its medium-term oil price range to $50-$70 per barrel — the range it had before the coronavirus pandemic — to reflect the expectation that the full average cost of production of a marginal barrel of oil will keep increasing in step with a continued recovery in demand.
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