10 Nov 2020

JBC in the Media - MarketWatch

"Some analysts, however, questioned how much further upside for oil prices might be available in the near term as rising COVID-19 cases in Europe and the U.S. begin to weigh on consumer and business activity.

'While a successful vaccination should ultimately support the return of oil demand to normal levels, a number of hurdles, from final approval, to the ramp-up of production, to logistics remain, but hope is that a timely development could stave off the necessity for further lockdowns in the future,' wrote analysts at JBC Energy, a Vienna-based consulting firm, in a Tuesday note.

The consultants said their road mobility indicator for Europe, meanwhile, had dropped to its lowest level since June, with data through Nov. 6 beginning to reflect the early stages of new lockdowns in France and Germany."