Don’t expect oil prices to recover just yet: Energy analyst
Don’t expect higher oil prices for some time, says one energy analyst. “The markets are still worried that we will not have freedom of movement, and we will not see demand recover until some time in the summer, and there’s a lot of debate,” Regina Mayor, global head of energy for KPMG, told Yahoo Finance. “Personally I'm very bearish on crude price beyond 2020 and even into 2021,” she added. On Tuesday, US crude futures for June delivery cratered along with Brent crude amid a collapse in oil demand due to COVID-19.