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Oil steadied amid surprisingly robust economic data from Europe, while the spread of a new COVID-19 variant and lockdowns raised concerns about the near-term recovery in fuel demand. West Texas Intermediate futures held above $52/bbl after the biggest decline in almost a week on Thursday. Three of the euro area’s four largest economies –– Germany, France and Spain –– rounded off the pandemic year suggesting the region can avoid a deeper recession. The virus variant identified in South Africa has reached the U.S. just as Europe is set to tighten its rules on the export of vaccines. Stay-at-home orders to combat the spread of the disease have hit travel and crimped consumption of fuels from China to Los Angeles. An experienced instructional team brings over 45 years of combined experience with the Alberta Energy Regulator to provide practical and actionable advice to navigate the energy regulator process in new course on March 11. India’s demand for diesel, the country’s most-used fuel, is also struggling to shake off the pandemic’s crippling effects on its economy. The crawl back to pre-virus levels will be slow, with annual diesel consumption growth rates seen fully recovering in the year ended March 2022, a […]
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