Oil markets have extended their recovery this year as fuel consumption roars back in China and the U.S., buoying international crude prices to about $69 a barrel in London. (Bloomberg) -- Oil climbed to the highest since the middle of March as reopening efforts and vaccination pushes from the U.S. to Europe underpin hopes for a return to normal demand … The Organization of the Petroleum Exporting Countries on Thursday raised its forecast for global oil-demand growth in 2021. In its monthly report, OPEC said it sees demand … “We forecast a larger rebound in oil demand this summer than OPEC and the IEA, requiring an additional 2 mb/d increase in OPEC+ production from July to … Since its inception in 1983, the IEA's Oil Market Report (OMR) has become recognised as one of the world’s most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for OECD and selected non-OECD countries. Baker Hughes Co. is projecting global demand growth for oil and natural gas into the second half of the year, aligned with rising demand for carbon-neutral products. Agency raises its annual forecast for global oil demand in 2021 An abundance of fossil fuels combined with advances in technology to harness …

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