Resta predicts that oil prices may rise to $70 in the next few months

According to a report by the U.

This was said by Louise Dixon, an oil analyst at Rystad, a well-known energy research and business intelligence company in Norway, in a statement sent to the U.

Dixon said: “Due to the COVID-19 pandemic that restricts mobility, by May 2021, India’s total demand for petroleum products, including gasoline, diesel and jet fuel, will fall below 4 million barrels per day.

Dixon added: “India’s oil demand is lower than 4 million barrels per day, which is worrying.

The Rystad representative went on to say: “India’s nervousness is currently preventing further increases in oil prices, but with crude oil delivered in June now becoming the focus, oil prices may rise due to increased seasonal oil demand, and with most regions of the world Lifting the restrictions on Covid-19 will provide more support to the needs.

Dixon pointed out that between now and the end of June, Rystad expects global oil demand to increase by at least 3 million barrels per day.

At the time of writing, the price of Brent crude oil is $68.

According to the latest information from the World Health Organization, since April 15th, India has had more than 200,000 confirmed cases of Covid-19 every day, and since April 21st, more than 2,000 people have died every day in India.

　　Li Jun compiled from the U.

　　The original text is as follows:

　　Very Likely Oil Will Rise Towards $70

　　It's very likely that oil will claw back towards $70 per barrel in the coming months as the global demand uptick tips the scale to positive.

　　That's according to Rystad Energy oil analyst Louise Dickson, who made the comment in a statement sent to Rigzone on Monday.

　　"The total demand for Indian oil products such as gasoline, diesel, and jet fuel, will plunge below the four million barrel per day threshold in May 2021 as new Covid-19 restrictions pinch mobility," Dickson said.

　　"Indian oil demand below four million barrels per day is cause for concern and far below the pre-virus levels of about five million barrels per day, but still rather resilient if compared to the drop to 3.

　　"India jitters are currently stopping oil prices from rising further but, with June-delivery barrels now in focus, prices may increase on seasonal oil appetite additions and as the removal of Covid-19 restrictions in most of the world will lend more demand support, ”The Rystad representative went on to say.

　　Dickson noted that between now and the end of June, Rystad sees oil demand jumping by at least three million barrels per day.

　　At the time of writing, Brent crude prices stood at $68.

　　According to the latest information from the World Health Organization, there have been more than 200,000 cases per day of Covid-19 in India since April 15, and more than 2,000 deaths per day since April 21.