The sun sets behind an idle pump jack near Karnes City, Texas, US, on April 8, 2020. Opec+ has been reluctant – or perhaps unable – to increase production, which has helped drive crude prices ever higher amid a rebound in energy demand. Photo: AP
The sun sets behind an idle pump jack near Karnes City, Texas, US, on April 8, 2020. Opec+ has been reluctant – or perhaps unable – to increase production, which has helped drive crude prices ever higher amid a rebound in energy demand. Photo: AP
Neal Kimberley
Opinion

Opinion

Neal Kimberley

Why US-China oil reserve release won’t fix deeper demand-supply problems

  • Oil supply will remain tight as investors turn away even as demand rises with pandemic recovery and the building of a renewable energy network
  • China should also be extra careful – its oil reserves and access to supply are not as ample as America’s

The sun sets behind an idle pump jack near Karnes City, Texas, US, on April 8, 2020. Opec+ has been reluctant – or perhaps unable – to increase production, which has helped drive crude prices ever higher amid a rebound in energy demand. Photo: AP
The sun sets behind an idle pump jack near Karnes City, Texas, US, on April 8, 2020. Opec+ has been reluctant – or perhaps unable – to increase production, which has helped drive crude prices ever higher amid a rebound in energy demand. Photo: AP
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