While there’s no doubt that 2020 will be engrained in everyone’s minds for all the wrong reasons, we’re becoming increasingly optimistic that 2021 will be one to remember for all the right reasons. Many countries are in the midst of their vaccination programs with the markets anticipating a return to “normal” in the coming months.
On the oil and gas side, we’ve seen the markets becoming increasingly bullish with prices rising significantly over the past few months. While OPEC+ continues to holdback surplus production, the bigger story is what analysts expect to see on the demand side over the course of the year and into the latter half.