Mid-Week Review – November 25, 2020
Why The Vaccine Oil Rally Won’t Last
Oil is on the rise after a third company developing a vaccine for Covid-19 announced positive efficacy results this week. They may well continue to rise for a while, but it would pay to be careful with betting on an endless rally. Click here to read more from Oilprice.com.
Oil Advances From Eight-Month High on Demand Optimism
Oil extended gains, trading at its highest level since March, on mounting optimism that recent breakthroughs on a Covid-19 vaccine will lead to a swift recovery in global energy demand next year. Click here to read more from Bloomberg.
The Secret Weapon That Will Save Oil & Gas Pipeline Operators Billions
Sales of high-precision commercial-grade drones have increased by 500 percent over the last four years. While many of these drones are catching useful aerial footage for maps, media, and television use, some are now being used by energy companies to monitor their infrastructure. Click here to read more from Yahoo.
Why The Oil Industry Doesn’t Fear Biden
U.S. oil and gas companies will soon be facing a climate-conscious president who has vowed to transition away from the oil industry. So you might expect a sense of existential dread in the oil world about President-elect Joe Biden. Instead, there’s a surprising amount of optimism. Click here to read more from NPR.
This article is part of Daily Market News & Insights
Tagged: coronavirus, demand, inventory, vaccine
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