As vaccination rates rise everyday around the world and economic lockdown measures are gradually eased, leaders in the oil and gas industry aren’t shy about their optimism for the rest of the year.
They are expecting a bounce back after a brutal 2020. Oil prices hit record lows last year, but are now back above where they were before the pandemic struck.
The industry can feel the recovery underway and are excited see demand pick up as economic activity rebounds. Some expect the world’s demand for oil to surpass pre-COVID levels by the end of 2021.