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2020 oil prices

Oil market outlook: Striking a delicate balance

After a period of stagnation, oil markets have begun to recover and prices are rising again. This development is mostly due to production cuts by the OPEC+ group. However, oil demand is not expected to reach pre-Covid levels before 2022, and the transport sector, which will play a determining role, may struggle to return to the status quo ante, at least in the near future.

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