Oil benchmarks rally to record highs despite OPEC+ talks of production hikes

Oil benchmarks rally to record highs despite OPEC+ talks of production hikes Oil prices may have tumbled in 2020 due to the demand crash, however, both oil benchmarks are now trading at two-year highs thanks to the global rollout of the COVID-19 vaccines and renewed recovery hopes amid global travel resurgence. With oil demand soaring in 2021, inflation fears and mounting calls for governments and oil producers to curb emissions there is […]