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While some Texans are paying cheaper gas prices, coming in at the 3rd lowest in the United States, price fluctuation is expected to continue well into the summer season depending on crude oil prices and global supply, according to AAA Texas.
Read more about Oil prices hits two-year highs on rising economic demand expectations on Business Standard. Brent futures rose 30 cents, or 0.4%, to settle at $72.52 a barrel, while U.S. West Texas Intermediate (WTI) crude rose 33 cents, or 0.5%, to end at $70.29
Oil on track for two-year high in volatile trade streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
OPEC expects higher oil demand for second half 2021
OPEC expects higher oil demand for second half 2021
10 de junio de 2021, 15:2Vienna, Jun 11 (Prensa Latina) The Organization of the Petroleum Exporting Countries (OPEC) expects the recovery in demand for crude oil to accelerate in the second half of 2021. In its monthly report published Thursday, the group maintained its forecast for the second consecutive month that this year the request for oil will grow by 5.95 million barrels per day (bpd), which represents 6.6 percent.
It predicted a demand of 94.1 million bpd in the first half, and 99 million bpd in the second, with an increase in mobility and, therefore, the consumption of gasoline or diesel.