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OPEC bullish on oil market recovery; virus variants pose risk

OPEC bullish on oil market recovery; virus variants pose risk
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OPEC, Russia seen gaining from climate activist wins

OPEC, Russia seen gaining from climate activist wins
06/01/2021 | 12:27pm EDT
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LONDON (Reuters) -Climate activists who scored big wins against Western majors last week had some unlikely cheerleaders in the oil capitals of Saudi Arabia, Abu Dhabi and Russia.
Defeats in the courtroom and boardroom mean Royal Dutch Shell, ExxonMobil and Chevron are all under pressure to cut carbon emissions faster. That s good news for the likes of Saudi Arabia s national oil company Saudi Aramco, Abu Dhabi National Oil Co, and Russia s Gazprom and Rosneft.
It means more business for them and the Saudi-led Organization of the Petroleum Exporting Countries (OPEC). ....

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