“The OPEC + deal is working, Saudi Arabia has promised and fulfilled its obligations to unilaterally cut production by an additional 1 million barrels per day ... works, that's good.
Vaccination is also expected, if it is successful enough, it means that international flights will be restored, and world aviation is about 10% of the demand for oil in the world, ”the specialist said.
He also added that the new US President Joe Biden has come on the "green agenda" and is taking steps that have come to be perceived as pressure on the oil industry, which, in turn, influenced the rise in prices.
Earlier it was reported that the cost of Brent crude oil rose during trading above $ 63 per barrel for the first time since January 24, 2020.