Uncertainty in oil sector to stay
THE US Energy Information Administration (EIA) said that reduced economic activity due to the Covid-19 pandemic has caused changes in energy demand and supply over the past year and will continue to affect these patterns in the future.
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Washington: THE US Energy Information Administration (EIA) said that reduced economic activity due to the Covid-19 pandemic has caused changes in energy demand and supply over the past year and will continue to affect these patterns in the future.
According to the EIA's March's Short-Term Energy Outlook (STEO) released on Tuesday, for the crude oil prices, Brent prices averaged $62 per barrel in February, up $8 per barrel from January's average and up $7 per barrel from February 2020, reports Xinhua news agency.
