World Oil's Daily Brief

World Oil's Daily Brief


Despite traders' weak demand outlook, oil and gas drilling activity continues to rise

October 04, 2020

This week, World Oil editors discuss a seeming disconnect as drilling activity across the board continues to rise, while oil traders are expecting a long road to demand recovery. Also, Venezuela and Iran flout U.S. trade sanctions with more crude and refined product shipments; and Libya's post-civil-war oil export recovery looks set to create challenges for the continuing OPEC+ production agreement.