Episode 349: Crude oil outlook in 2021 threatened by market imbalance

Published: Dec. 7, 2020, 12:28 p.m.

b'Balance in the crude oil market remains under threat as US production breaks 11m bbl/day and OPEC+ decides to increase output by 500k bbl/day from January. A widespread distribution of a vaccine to coronavirus is a light at the end of the tunnel but comes with its own hurdles. ICIS global oil editor Sophie Udubasceanu, deputy global oil editor Richard Price are joined by PVM\\u2019s senior analyst Tamas Varga to discuss the market\\u2019s challenges in 2021.'