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LONDON (Reuters) - The oil market is likely to be in balance in the second half of 2021, even though European coronavirus lockdowns and U.S. winter storms caused disruptions in March, crude and petroleum products market price structures showed.
FILE PHOTO: Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. REUTERS/Nick Oxford/File Photo
After sharp declines of oil inventories this year, the pace of destocking slowed in recent weeks, prompting OPEC and its allies, a group known as OPEC+, to lower its 2021 demand growth forecast by 300,000 barrels per day (bpd). The group now sees demand rising by 5.6 million bpd.
China push for global power tops U.S. security threats: intelligence report
Reuters | Apr 13, 2021 09:16 PM EDT
The Chinese national flag is seen in Beijing, China (Photo : REUTERS/Thomas Peter/File Photo/File Photo)
China s push for global power is the leading threat to U.S. national security, while Russia s efforts to undermine American influence and assert itself as a major actor also pose a challenge, said a U.S. intelligence report released on Tuesday.
The 2021 Annual Threat Assessment lays out U.S. spy agencies views of the chief foreign policy issues facing U.S. President Joe Biden in his first year in office, complicated by the coronavirus pandemic and global climate change.