Oil Prices Rebound As Demand Optimism Returns

The IEA made headlines last week when it suggested that there should be no new oil and gas investments after 2021... If that were to happen - with a supply crunch already looming - the oil traders at OPC Markets would have a great time.Chart of the Week-    Natural gas-fired power generation averaged 3,394 GWh per day in the first four months of 2021, down nearly 7% from the same period in 2020.-    The decline is mostly the result of higher natural gas prices and increased competition from renewables. The decline is the first…