Platts Market Insight: Rising Covid-19 cases derail oil demand recovery


  • Energy
  • Wednesday, 07 Oct 2020

CORONAVIRUS cases remain on the uptick with much of the world entering flu season and risks that global crude oil supply and demand could fall out of balance again are increasing.

Uncertainty around demand coupled with uncertainty around the US elections -- undoubtedly the biggest geopolitical event looming upon the world – after US President Donald Trump and key White House officials contracted the virus, pushed front-month ICE Brent futures below $40/barrel and further downside risks remain.

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S&P , Platts Analytics , Covid-19 , Brent , Opec+

   

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