As the availability of COVID-19 vaccines continues to grow, industry leaders say it could turn things around for the oil and gas sector.
The latest forecast report from Deloitte says there will be a return to “higher demand” for crude after the challenges of 2020.
“Although crude oil markets are likely to remain relatively flat in the near term, we started seeing prices increase somewhat toward the end of 2020 and expect that to continue as economies begin to reopen and recover from the effects of the pandemic,” said Andrew Botterill, national oil and gas leader for Deloitte Canada, in a release.
President Energy plc (LON:PPC) is an independent oil and gas company focusing primarily on high margin production opportunities in Latin America.