Oil May Hit $100 a Barrel Next Year on Demand Rebound, BofA Says

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Oil May Hit $100 a Barrel Next Year on Demand Rebound, BofA Says

Bloomberg2021-06-21

Pent-up desire for travel after lockdown to boost consumption Environmental concerns will limit investment in new oil supply Oil may surge to $100 a barrel next year as travel demand rebounds,Bank of...

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Comment（16）

DannyHan
·2021-06-21
[Cool]
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MrInvestor
·2021-06-21
100 dollar is high but not impossible.
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1
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abp
·2021-06-21
Please like and comments. Tks
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BibiLoh
·2021-06-21
Like and comment!
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domL
·2021-06-21
oh?
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2
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JasonNg07
·2021-06-21
To the moon!!?
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Jeffgoh
·2021-06-21
Agreed. Hold look stocks!!
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Lavina
·2021-06-21
Higher expenses
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3
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- hitithard:
  Comment on my comment
  2021-06-21
  Reply
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- RobertNg:
  Please like and comment. Thanks
  2021-06-21
  Reply
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Mitchu
·2021-06-21
Ok
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- jerromey:
  Like n comment
  2021-06-21
  Reply
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HuEr
·2021-06-21
On the rebound!
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Ivan8888
·2021-06-21
possible
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Wei L
·2021-06-21
Unlikely oil price will shoot up that high but still, anything is possible considering the upcoming inflation
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OpenSesame88
·2021-06-21
This is great pls do! Up up up
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Min04
·2021-06-21
No way
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MemeTrader
·2021-06-21
Like and comment please. Thanks.
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- HuEr:
  done. like and reply pls
  2021-06-21
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Xiang15
·2021-06-21
Well...
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Brent futures traded near $74 a barrel on Monday.\nWhile other market-watchers, from trading house Trafigura Groupto Goldman Sachs Group Inc., have already said that oil could reach $100 again in the right conditions, the prediction from Bank of America is the firmest to date.\nIf crude does return to triple digits, it will be the first time since 2014, before a flood of North American shale oil sent the market into a slump from which it has never fully recovered.\nThe increasingly bullish outlook for oil is adding to pressure on the OPEC+ coalition led by Saudi Arabia and Russia, which meets next week to consider reviving some more of the production it cut during the pandemic.\nWhile Riyadh has signaled it prefers to move cautiously, an ever-tighter world market could compel the alliance to open the taps a little. Prices have been stoked this month as fellow OPEC memberIranfails to clinch an agreement to relieve U.S. sanctions on its petroleum exports.\nCar Travel\nAccording to Bank of America, the immediate prospects for the OPEC+ alliance are bright.\nOil consumption will be bolstered next year as mass transit struggles to keep pace with extra travel demand, prompting passengers to make greater use of private cars.\nEven the ongoing popularity of remote working won’t dent fuel consumption as much as expected, as home-workers use cars during the day to run personal errands, the bank said.\n“Work-from-home means ‘work-from-car’ in many cases,” Blanch said.\nAt the same time, the bank expects that new oil supplies will remain constrained. Shareholders will pressure major companies to invest in renewable energy, or push shale drillers to return cash rather than spend on new drilling.\nStill, expectations for a tight market in 2022 are far from unanimous. A report from the International Energy Agency earlier this month showed that half of the projected increase in demand can be met by recovering output outside OPEC, predominantly from the U.S.\nThat would leave the Organization of Petroleum Exporting Countries and its partners with significant quantities of idle output -- and even more if Iran can strike a nuclear accord with the U.S. by then.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":167482558,"gmtCreate":1624282369874,"gmtModify":1703832344862,"author":{"id":"3559077804084664","authorId":"3559077804084664","name":"DannyHan","avatar":"https://community-static.tradeup.com/news/dbe0896f4ca0fb54a2a0dda4a05fab85","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3559077804084664","authorIdStr":"3559077804084664"},"htmlText":"[Cool]&nbsp;","listText":"[Cool]&nbsp;","text":"[Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167482558","repostId":1141410103,"repostType":4,"repost":{"id":"1141410103","pubTimestamp":1624272923,"share":"https://ttm.financial/m/news/1141410103?lang=&edition=fundamental","pubTime":"2021-06-21 18:55","market":"us","language":"en","title":"Oil May Hit $100 a Barrel Next Year on Demand Rebound, BofA Says","url":"https://stock-news.laohu8.com/highlight/detail?id=1141410103","media":"Bloomberg","summary":"Pent-up desire for travel after lockdown to boost consumption\nEnvironmental concerns will limit inve","content":"<ul>\n <li>Pent-up desire for travel after lockdown to boost consumption</li>\n <li>Environmental concerns will limit investment in new oil supply</li>\n</ul>\n<p>Oil may surge to $100 a barrel next year as travel demand rebounds,Bank of America Corp.&nbsp;said, the strongest call yet among major forecasters for a return to triple digits.</p>\n<p>Global oil consumption will continue to outstrip supply in 2022 as the economic recovery from the pandemic boosts fuel consumption, while investment in new production is crimped by environmental concerns, the bank said in a report.</p>\n<p>“There is plenty of pent-up oil demand ready to be unleashed,” said Francisco Blanch, the bank’s New York-based head of commodities research. Brent futures traded near $74 a barrel on Monday.</p>\n<p>While other market-watchers, from trading house&nbsp;Trafigura Groupto Goldman Sachs Group Inc., have already said that oil could reach $100 again in the right conditions, the prediction from Bank of America is the firmest to date.</p>\n<p>If crude does return to triple digits, it will be the first time since 2014, before a flood of North American shale oil sent the market into a slump from which it has never fully recovered.</p>\n<p>The increasingly bullish outlook for oil is adding to pressure on the OPEC+ coalition led by Saudi Arabia and Russia, which meets next week to consider reviving some more of the production it cut during the pandemic.</p>\n<p>While Riyadh has signaled it prefers to move cautiously, an ever-tighter world market could compel the alliance to open the taps a little. Prices have been stoked this month as fellow OPEC memberIranfails to clinch an agreement to relieve U.S. sanctions on its petroleum exports.</p>\n<p><b>Car Travel</b></p>\n<p>According to Bank of America, the immediate prospects for the OPEC+ alliance are bright.</p>\n<p>Oil consumption will be bolstered next year as mass transit struggles to keep pace with extra travel demand, prompting passengers to make greater use of private cars.</p>\n<p>Even the ongoing popularity of remote working won’t dent fuel consumption as much as expected, as home-workers use cars during the day to run personal errands, the bank said.</p>\n<p>“Work-from-home means ‘work-from-car’ in many cases,” Blanch said.</p>\n<p>At the same time, the bank expects that new oil supplies will remain constrained. Shareholders will pressure major companies to invest in renewable energy, or push shale drillers to return cash rather than spend on new drilling.</p>\n<p>Still, expectations for a tight market in 2022 are far from unanimous. A report from the&nbsp;International Energy Agency&nbsp;earlier this month showed that half of the projected increase in demand can be met by recovering output outside OPEC, predominantly from the U.S.</p>\n<p>That would leave the Organization of Petroleum Exporting Countries and its partners with significant quantities of idle output -- and even more if Iran can strike a nuclear accord with the U.S. by then.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil May Hit $100 a Barrel Next Year on Demand Rebound, BofA Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOil May Hit $100 a Barrel Next Year on Demand Rebound, BofA Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 18:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-21/oil-may-hit-100-a-barrel-next-year-on-demand-rebound-bofa-says?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Pent-up desire for travel after lockdown to boost consumption\nEnvironmental concerns will limit investment in new oil supply\n\nOil may surge to $100 a barrel next year as travel demand rebounds,Bank of...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-21/oil-may-hit-100-a-barrel-next-year-on-demand-rebound-bofa-says?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-21/oil-may-hit-100-a-barrel-next-year-on-demand-rebound-bofa-says?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141410103","content_text":"Pent-up desire for travel after lockdown to boost consumption\nEnvironmental concerns will limit investment in new oil supply\n\nOil may surge to $100 a barrel next year as travel demand rebounds,Bank of America Corp. said, the strongest call yet among major forecasters for a return to triple digits.\nGlobal oil consumption will continue to outstrip supply in 2022 as the economic recovery from the pandemic boosts fuel consumption, while investment in new production is crimped by environmental concerns, the bank said in a report.\n“There is plenty of pent-up oil demand ready to be unleashed,” said Francisco Blanch, the bank’s New York-based head of commodities research. Brent futures traded near $74 a barrel on Monday.\nWhile other market-watchers, from trading house Trafigura Groupto Goldman Sachs Group Inc., have already said that oil could reach $100 again in the right conditions, the prediction from Bank of America is the firmest to date.\nIf crude does return to triple digits, it will be the first time since 2014, before a flood of North American shale oil sent the market into a slump from which it has never fully recovered.\nThe increasingly bullish outlook for oil is adding to pressure on the OPEC+ coalition led by Saudi Arabia and Russia, which meets next week to consider reviving some more of the production it cut during the pandemic.\nWhile Riyadh has signaled it prefers to move cautiously, an ever-tighter world market could compel the alliance to open the taps a little. Prices have been stoked this month as fellow OPEC memberIranfails to clinch an agreement to relieve U.S. sanctions on its petroleum exports.\nCar Travel\nAccording to Bank of America, the immediate prospects for the OPEC+ alliance are bright.\nOil consumption will be bolstered next year as mass transit struggles to keep pace with extra travel demand, prompting passengers to make greater use of private cars.\nEven the ongoing popularity of remote working won’t dent fuel consumption as much as expected, as home-workers use cars during the day to run personal errands, the bank said.\n“Work-from-home means ‘work-from-car’ in many cases,” Blanch said.\nAt the same time, the bank expects that new oil supplies will remain constrained. Shareholders will pressure major companies to invest in renewable energy, or push shale drillers to return cash rather than spend on new drilling.\nStill, expectations for a tight market in 2022 are far from unanimous. A report from the International Energy Agency earlier this month showed that half of the projected increase in demand can be met by recovering output outside OPEC, predominantly from the U.S.\nThat would leave the Organization of Petroleum Exporting Countries and its partners with significant quantities of idle output -- and even more if Iran can strike a nuclear accord with the U.S. by then.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":167593980,"gmtCreate":1624275168940,"gmtModify":1703832152798,"author":{"id":"3586672191897597","authorId":"3586672191897597","name":"MrInvestor","avatar":"https://static.tigerbbs.com/40974a38cd623c0089adf8fd12d91591","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3586672191897597","authorIdStr":"3586672191897597"},"htmlText":"100 dollar is high but not impossible.","listText":"100 dollar is high but not impossible.","text":"100 dollar is high but not impossible.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167593980","repostId":1141410103,"repostType":4,"repost":{"id":"1141410103","pubTimestamp":1624272923,"share":"https://ttm.financial/m/news/1141410103?lang=&edition=fundamental","pubTime":"2021-06-21 18:55","market":"us","language":"en","title":"Oil May Hit $100 a Barrel Next Year on Demand Rebound, BofA Says","url":"https://stock-news.laohu8.com/highlight/detail?id=1141410103","media":"Bloomberg","summary":"Pent-up desire for travel after lockdown to boost consumption\nEnvironmental concerns will limit inve","content":"<ul>\n <li>Pent-up desire for travel after lockdown to boost consumption</li>\n <li>Environmental concerns will limit investment in new oil supply</li>\n</ul>\n<p>Oil may surge to $100 a barrel next year as travel demand rebounds,Bank of America Corp.&nbsp;said, the strongest call yet among major forecasters for a return to triple digits.</p>\n<p>Global oil consumption will continue to outstrip supply in 2022 as the economic recovery from the pandemic boosts fuel consumption, while investment in new production is crimped by environmental concerns, the bank said in a report.</p>\n<p>“There is plenty of pent-up oil demand ready to be unleashed,” said Francisco Blanch, the bank’s New York-based head of commodities research. Brent futures traded near $74 a barrel on Monday.</p>\n<p>While other market-watchers, from trading house&nbsp;Trafigura Groupto Goldman Sachs Group Inc., have already said that oil could reach $100 again in the right conditions, the prediction from Bank of America is the firmest to date.</p>\n<p>If crude does return to triple digits, it will be the first time since 2014, before a flood of North American shale oil sent the market into a slump from which it has never fully recovered.</p>\n<p>The increasingly bullish outlook for oil is adding to pressure on the OPEC+ coalition led by Saudi Arabia and Russia, which meets next week to consider reviving some more of the production it cut during the pandemic.</p>\n<p>While Riyadh has signaled it prefers to move cautiously, an ever-tighter world market could compel the alliance to open the taps a little. Prices have been stoked this month as fellow OPEC memberIranfails to clinch an agreement to relieve U.S. sanctions on its petroleum exports.</p>\n<p><b>Car Travel</b></p>\n<p>According to Bank of America, the immediate prospects for the OPEC+ alliance are bright.</p>\n<p>Oil consumption will be bolstered next year as mass transit struggles to keep pace with extra travel demand, prompting passengers to make greater use of private cars.</p>\n<p>Even the ongoing popularity of remote working won’t dent fuel consumption as much as expected, as home-workers use cars during the day to run personal errands, the bank said.</p>\n<p>“Work-from-home means ‘work-from-car’ in many cases,” Blanch said.</p>\n<p>At the same time, the bank expects that new oil supplies will remain constrained. Shareholders will pressure major companies to invest in renewable energy, or push shale drillers to return cash rather than spend on new drilling.</p>\n<p>Still, expectations for a tight market in 2022 are far from unanimous. A report from the&nbsp;International Energy Agency&nbsp;earlier this month showed that half of the projected increase in demand can be met by recovering output outside OPEC, predominantly from the U.S.</p>\n<p>That would leave the Organization of Petroleum Exporting Countries and its partners with significant quantities of idle output -- and even more if Iran can strike a nuclear accord with the U.S. by then.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil May Hit $100 a Barrel Next Year on Demand Rebound, BofA Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOil May Hit $100 a Barrel Next Year on Demand Rebound, BofA Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 18:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-21/oil-may-hit-100-a-barrel-next-year-on-demand-rebound-bofa-says?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Pent-up desire for travel after lockdown to boost consumption\nEnvironmental concerns will limit investment in new oil supply\n\nOil may surge to $100 a barrel next year as travel demand rebounds,Bank of...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-21/oil-may-hit-100-a-barrel-next-year-on-demand-rebound-bofa-says?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-21/oil-may-hit-100-a-barrel-next-year-on-demand-rebound-bofa-says?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141410103","content_text":"Pent-up desire for travel after lockdown to boost consumption\nEnvironmental concerns will limit investment in new oil supply\n\nOil may surge to $100 a barrel next year as travel demand rebounds,Bank of America Corp. said, the strongest call yet among major forecasters for a return to triple digits.\nGlobal oil consumption will continue to outstrip supply in 2022 as the economic recovery from the pandemic boosts fuel consumption, while investment in new production is crimped by environmental concerns, the bank said in a report.\n“There is plenty of pent-up oil demand ready to be unleashed,” said Francisco Blanch, the bank’s New York-based head of commodities research. Brent futures traded near $74 a barrel on Monday.\nWhile other market-watchers, from trading house Trafigura Groupto Goldman Sachs Group Inc., have already said that oil could reach $100 again in the right conditions, the prediction from Bank of America is the firmest to date.\nIf crude does return to triple digits, it will be the first time since 2014, before a flood of North American shale oil sent the market into a slump from which it has never fully recovered.\nThe increasingly bullish outlook for oil is adding to pressure on the OPEC+ coalition led by Saudi Arabia and Russia, which meets next week to consider reviving some more of the production it cut during the pandemic.\nWhile Riyadh has signaled it prefers to move cautiously, an ever-tighter world market could compel the alliance to open the taps a little. Prices have been stoked this month as fellow OPEC memberIranfails to clinch an agreement to relieve U.S. sanctions on its petroleum exports.\nCar Travel\nAccording to Bank of America, the immediate prospects for the OPEC+ alliance are bright.\nOil consumption will be bolstered next year as mass transit struggles to keep pace with extra travel demand, prompting passengers to make greater use of private cars.\nEven the ongoing popularity of remote working won’t dent fuel consumption as much as expected, as home-workers use cars during the day to run personal errands, the bank said.\n“Work-from-home means ‘work-from-car’ in many cases,” Blanch said.\nAt the same time, the bank expects that new oil supplies will remain constrained. Shareholders will pressure major companies to invest in renewable energy, or push shale drillers to return cash rather than spend on new drilling.\nStill, expectations for a tight market in 2022 are far from unanimous. A report from the International Energy Agency earlier this month showed that half of the projected increase in demand can be met by recovering output outside OPEC, predominantly from the U.S.\nThat would leave the Organization of Petroleum Exporting Countries and its partners with significant quantities of idle output -- and even more if Iran can strike a nuclear accord with the U.S. by then.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":167507983,"gmtCreate":1624275021942,"gmtModify":1703832148227,"author":{"id":"3581979721991802","authorId":"3581979721991802","name":"abp","avatar":"https://static.tigerbbs.com/f0c0424f61209387c56148e921c507f1","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581979721991802","authorIdStr":"3581979721991802"},"htmlText":"Please like and comments. Tks","listText":"Please like and comments. Tks","text":"Please like and comments. Tks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167507983","repostId":1141410103,"repostType":4,"repost":{"id":"1141410103","pubTimestamp":1624272923,"share":"https://ttm.financial/m/news/1141410103?lang=&edition=fundamental","pubTime":"2021-06-21 18:55","market":"us","language":"en","title":"Oil May Hit $100 a Barrel Next Year on Demand Rebound, BofA Says","url":"https://stock-news.laohu8.com/highlight/detail?id=1141410103","media":"Bloomberg","summary":"Pent-up desire for travel after lockdown to boost consumption\nEnvironmental concerns will limit inve","content":"<ul>\n <li>Pent-up desire for travel after lockdown to boost consumption</li>\n <li>Environmental concerns will limit investment in new oil supply</li>\n</ul>\n<p>Oil may surge to $100 a barrel next year as travel demand rebounds,Bank of America Corp.&nbsp;said, the strongest call yet among major forecasters for a return to triple digits.</p>\n<p>Global oil consumption will continue to outstrip supply in 2022 as the economic recovery from the pandemic boosts fuel consumption, while investment in new production is crimped by environmental concerns, the bank said in a report.</p>\n<p>“There is plenty of pent-up oil demand ready to be unleashed,” said Francisco Blanch, the bank’s New York-based head of commodities research. Brent futures traded near $74 a barrel on Monday.</p>\n<p>While other market-watchers, from trading house&nbsp;Trafigura Groupto Goldman Sachs Group Inc., have already said that oil could reach $100 again in the right conditions, the prediction from Bank of America is the firmest to date.</p>\n<p>If crude does return to triple digits, it will be the first time since 2014, before a flood of North American shale oil sent the market into a slump from which it has never fully recovered.</p>\n<p>The increasingly bullish outlook for oil is adding to pressure on the OPEC+ coalition led by Saudi Arabia and Russia, which meets next week to consider reviving some more of the production it cut during the pandemic.</p>\n<p>While Riyadh has signaled it prefers to move cautiously, an ever-tighter world market could compel the alliance to open the taps a little. Prices have been stoked this month as fellow OPEC memberIranfails to clinch an agreement to relieve U.S. sanctions on its petroleum exports.</p>\n<p><b>Car Travel</b></p>\n<p>According to Bank of America, the immediate prospects for the OPEC+ alliance are bright.</p>\n<p>Oil consumption will be bolstered next year as mass transit struggles to keep pace with extra travel demand, prompting passengers to make greater use of private cars.</p>\n<p>Even the ongoing popularity of remote working won’t dent fuel consumption as much as expected, as home-workers use cars during the day to run personal errands, the bank said.</p>\n<p>“Work-from-home means ‘work-from-car’ in many cases,” Blanch said.</p>\n<p>At the same time, the bank expects that new oil supplies will remain constrained. Shareholders will pressure major companies to invest in renewable energy, or push shale drillers to return cash rather than spend on new drilling.</p>\n<p>Still, expectations for a tight market in 2022 are far from unanimous. A report from the&nbsp;International Energy Agency&nbsp;earlier this month showed that half of the projected increase in demand can be met by recovering output outside OPEC, predominantly from the U.S.</p>\n<p>That would leave the Organization of Petroleum Exporting Countries and its partners with significant quantities of idle output -- and even more if Iran can strike a nuclear accord with the U.S. by then.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil May Hit $100 a Barrel Next Year on Demand Rebound, BofA Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOil May Hit $100 a Barrel Next Year on Demand Rebound, BofA Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 18:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-21/oil-may-hit-100-a-barrel-next-year-on-demand-rebound-bofa-says?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Pent-up desire for travel after lockdown to boost consumption\nEnvironmental concerns will limit investment in new oil supply\n\nOil may surge to $100 a barrel next year as travel demand rebounds,Bank of...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-21/oil-may-hit-100-a-barrel-next-year-on-demand-rebound-bofa-says?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-21/oil-may-hit-100-a-barrel-next-year-on-demand-rebound-bofa-says?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141410103","content_text":"Pent-up desire for travel after lockdown to boost consumption\nEnvironmental concerns will limit investment in new oil supply\n\nOil may surge to $100 a barrel next year as travel demand rebounds,Bank of America Corp. said, the strongest call yet among major forecasters for a return to triple digits.\nGlobal oil consumption will continue to outstrip supply in 2022 as the economic recovery from the pandemic boosts fuel consumption, while investment in new production is crimped by environmental concerns, the bank said in a report.\n“There is plenty of pent-up oil demand ready to be unleashed,” said Francisco Blanch, the bank’s New York-based head of commodities research. Brent futures traded near $74 a barrel on Monday.\nWhile other market-watchers, from trading house Trafigura Groupto Goldman Sachs Group Inc., have already said that oil could reach $100 again in the right conditions, the prediction from Bank of America is the firmest to date.\nIf crude does return to triple digits, it will be the first time since 2014, before a flood of North American shale oil sent the market into a slump from which it has never fully recovered.\nThe increasingly bullish outlook for oil is adding to pressure on the OPEC+ coalition led by Saudi Arabia and Russia, which meets next week to consider reviving some more of the production it cut during the pandemic.\nWhile Riyadh has signaled it prefers to move cautiously, an ever-tighter world market could compel the alliance to open the taps a little. Prices have been stoked this month as fellow OPEC memberIranfails to clinch an agreement to relieve U.S. sanctions on its petroleum exports.\nCar Travel\nAccording to Bank of America, the immediate prospects for the OPEC+ alliance are bright.\nOil consumption will be bolstered next year as mass transit struggles to keep pace with extra travel demand, prompting passengers to make greater use of private cars.\nEven the ongoing popularity of remote working won’t dent fuel consumption as much as expected, as home-workers use cars during the day to run personal errands, the bank said.\n“Work-from-home means ‘work-from-car’ in many cases,” Blanch said.\nAt the same time, the bank expects that new oil supplies will remain constrained. Shareholders will pressure major companies to invest in renewable energy, or push shale drillers to return cash rather than spend on new drilling.\nStill, expectations for a tight market in 2022 are far from unanimous. A report from the International Energy Agency earlier this month showed that half of the projected increase in demand can be met by recovering output outside OPEC, predominantly from the U.S.\nThat would leave the Organization of Petroleum Exporting Countries and its partners with significant quantities of idle output -- and even more if Iran can strike a nuclear accord with the U.S. by then.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":167504898,"gmtCreate":1624274998114,"gmtModify":1703832147247,"author":{"id":"3574557699510513","authorId":"3574557699510513","name":"BibiLoh","avatar":"https://static.tigerbbs.com/f21c18b08e3344f5db9231e65a487e14","vip":1,"hat":"https://static.tigerbbs.com/7b75ce0c34afff716602792a5d0929dd","crmLevel":2,"crmLevelSwitch":0,"idStr":"3574557699510513","authorIdStr":"3574557699510513"},"htmlText":"Like and comment!&nbsp;","listText":"Like and comment!&nbsp;","text":"Like and comment!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167504898","repostId":1141410103,"repostType":4,"repost":{"id":"1141410103","pubTimestamp":1624272923,"share":"https://ttm.financial/m/news/1141410103?lang=&edition=fundamental","pubTime":"2021-06-21 18:55","market":"us","language":"en","title":"Oil May Hit $100 a Barrel Next Year on Demand Rebound, BofA Says","url":"https://stock-news.laohu8.com/highlight/detail?id=1141410103","media":"Bloomberg","summary":"Pent-up desire for travel after lockdown to boost consumption\nEnvironmental concerns will limit inve","content":"<ul>\n <li>Pent-up desire for travel after lockdown to boost consumption</li>\n <li>Environmental concerns will limit investment in new oil supply</li>\n</ul>\n<p>Oil may surge to $100 a barrel next year as travel demand rebounds,Bank of America Corp.&nbsp;said, the strongest call yet among major forecasters for a return to triple digits.</p>\n<p>Global oil consumption will continue to outstrip supply in 2022 as the economic recovery from the pandemic boosts fuel consumption, while investment in new production is crimped by environmental concerns, the bank said in a report.</p>\n<p>“There is plenty of pent-up oil demand ready to be unleashed,” said Francisco Blanch, the bank’s New York-based head of commodities research. Brent futures traded near $74 a barrel on Monday.</p>\n<p>While other market-watchers, from trading house&nbsp;Trafigura Groupto Goldman Sachs Group Inc., have already said that oil could reach $100 again in the right conditions, the prediction from Bank of America is the firmest to date.</p>\n<p>If crude does return to triple digits, it will be the first time since 2014, before a flood of North American shale oil sent the market into a slump from which it has never fully recovered.</p>\n<p>The increasingly bullish outlook for oil is adding to pressure on the OPEC+ coalition led by Saudi Arabia and Russia, which meets next week to consider reviving some more of the production it cut during the pandemic.</p>\n<p>While Riyadh has signaled it prefers to move cautiously, an ever-tighter world market could compel the alliance to open the taps a little. Prices have been stoked this month as fellow OPEC memberIranfails to clinch an agreement to relieve U.S. sanctions on its petroleum exports.</p>\n<p><b>Car Travel</b></p>\n<p>According to Bank of America, the immediate prospects for the OPEC+ alliance are bright.</p>\n<p>Oil consumption will be bolstered next year as mass transit struggles to keep pace with extra travel demand, prompting passengers to make greater use of private cars.</p>\n<p>Even the ongoing popularity of remote working won’t dent fuel consumption as much as expected, as home-workers use cars during the day to run personal errands, the bank said.</p>\n<p>“Work-from-home means ‘work-from-car’ in many cases,” Blanch said.</p>\n<p>At the same time, the bank expects that new oil supplies will remain constrained. Shareholders will pressure major companies to invest in renewable energy, or push shale drillers to return cash rather than spend on new drilling.</p>\n<p>Still, expectations for a tight market in 2022 are far from unanimous. A report from the&nbsp;International Energy Agency&nbsp;earlier this month showed that half of the projected increase in demand can be met by recovering output outside OPEC, predominantly from the U.S.</p>\n<p>That would leave the Organization of Petroleum Exporting Countries and its partners with significant quantities of idle output -- and even more if Iran can strike a nuclear accord with the U.S. by then.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil May Hit $100 a Barrel Next Year on Demand Rebound, BofA Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOil May Hit $100 a Barrel Next Year on Demand Rebound, BofA Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 18:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-21/oil-may-hit-100-a-barrel-next-year-on-demand-rebound-bofa-says?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Pent-up desire for travel after lockdown to boost consumption\nEnvironmental concerns will limit investment in new oil supply\n\nOil may surge to $100 a barrel next year as travel demand rebounds,Bank of...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-21/oil-may-hit-100-a-barrel-next-year-on-demand-rebound-bofa-says?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-21/oil-may-hit-100-a-barrel-next-year-on-demand-rebound-bofa-says?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141410103","content_text":"Pent-up desire for travel after lockdown to boost consumption\nEnvironmental concerns will limit investment in new oil supply\n\nOil may surge to $100 a barrel next year as travel demand rebounds,Bank of America Corp. said, the strongest call yet among major forecasters for a return to triple digits.\nGlobal oil consumption will continue to outstrip supply in 2022 as the economic recovery from the pandemic boosts fuel consumption, while investment in new production is crimped by environmental concerns, the bank said in a report.\n“There is plenty of pent-up oil demand ready to be unleashed,” said Francisco Blanch, the bank’s New York-based head of commodities research. Brent futures traded near $74 a barrel on Monday.\nWhile other market-watchers, from trading house Trafigura Groupto Goldman Sachs Group Inc., have already said that oil could reach $100 again in the right conditions, the prediction from Bank of America is the firmest to date.\nIf crude does return to triple digits, it will be the first time since 2014, before a flood of North American shale oil sent the market into a slump from which it has never fully recovered.\nThe increasingly bullish outlook for oil is adding to pressure on the OPEC+ coalition led by Saudi Arabia and Russia, which meets next week to consider reviving some more of the production it cut during the pandemic.\nWhile Riyadh has signaled it prefers to move cautiously, an ever-tighter world market could compel the alliance to open the taps a little. Prices have been stoked this month as fellow OPEC memberIranfails to clinch an agreement to relieve U.S. sanctions on its petroleum exports.\nCar Travel\nAccording to Bank of America, the immediate prospects for the OPEC+ alliance are bright.\nOil consumption will be bolstered next year as mass transit struggles to keep pace with extra travel demand, prompting passengers to make greater use of private cars.\nEven the ongoing popularity of remote working won’t dent fuel consumption as much as expected, as home-workers use cars during the day to run personal errands, the bank said.\n“Work-from-home means ‘work-from-car’ in many cases,” Blanch said.\nAt the same time, the bank expects that new oil supplies will remain constrained. Shareholders will pressure major companies to invest in renewable energy, or push shale drillers to return cash rather than spend on new drilling.\nStill, expectations for a tight market in 2022 are far from unanimous. A report from the International Energy Agency earlier this month showed that half of the projected increase in demand can be met by recovering output outside OPEC, predominantly from the U.S.\nThat would leave the Organization of Petroleum Exporting Countries and its partners with significant quantities of idle output -- and even more if Iran can strike a nuclear accord with the U.S. by then.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":167275191,"gmtCreate":1624274318913,"gmtModify":1703832131817,"author":{"id":"3586778691224672","authorId":"3586778691224672","name":"domL","avatar":"https://static.tigerbbs.com/498db4712a4305a14688586cbd7c8243","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3586778691224672","authorIdStr":"3586778691224672"},"htmlText":"oh?","listText":"oh?","text":"oh?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167275191","repostId":1141410103,"repostType":4,"repost":{"id":"1141410103","pubTimestamp":1624272923,"share":"https://ttm.financial/m/news/1141410103?lang=&edition=fundamental","pubTime":"2021-06-21 18:55","market":"us","language":"en","title":"Oil May Hit $100 a Barrel Next Year on Demand Rebound, BofA Says","url":"https://stock-news.laohu8.com/highlight/detail?id=1141410103","media":"Bloomberg","summary":"Pent-up desire for travel after lockdown to boost consumption\nEnvironmental concerns will limit inve","content":"<ul>\n <li>Pent-up desire for travel after lockdown to boost consumption</li>\n <li>Environmental concerns will limit investment in new oil supply</li>\n</ul>\n<p>Oil may surge to $100 a barrel next year as travel demand rebounds,Bank of America Corp.&nbsp;said, the strongest call yet among major forecasters for a return to triple digits.</p>\n<p>Global oil consumption will continue to outstrip supply in 2022 as the economic recovery from the pandemic boosts fuel consumption, while investment in new production is crimped by environmental concerns, the bank said in a report.</p>\n<p>“There is plenty of pent-up oil demand ready to be unleashed,” said Francisco Blanch, the bank’s New York-based head of commodities research. Brent futures traded near $74 a barrel on Monday.</p>\n<p>While other market-watchers, from trading house&nbsp;Trafigura Groupto Goldman Sachs Group Inc., have already said that oil could reach $100 again in the right conditions, the prediction from Bank of America is the firmest to date.</p>\n<p>If crude does return to triple digits, it will be the first time since 2014, before a flood of North American shale oil sent the market into a slump from which it has never fully recovered.</p>\n<p>The increasingly bullish outlook for oil is adding to pressure on the OPEC+ coalition led by Saudi Arabia and Russia, which meets next week to consider reviving some more of the production it cut during the pandemic.</p>\n<p>While Riyadh has signaled it prefers to move cautiously, an ever-tighter world market could compel the alliance to open the taps a little. Prices have been stoked this month as fellow OPEC memberIranfails to clinch an agreement to relieve U.S. sanctions on its petroleum exports.</p>\n<p><b>Car Travel</b></p>\n<p>According to Bank of America, the immediate prospects for the OPEC+ alliance are bright.</p>\n<p>Oil consumption will be bolstered next year as mass transit struggles to keep pace with extra travel demand, prompting passengers to make greater use of private cars.</p>\n<p>Even the ongoing popularity of remote working won’t dent fuel consumption as much as expected, as home-workers use cars during the day to run personal errands, the bank said.</p>\n<p>“Work-from-home means ‘work-from-car’ in many cases,” Blanch said.</p>\n<p>At the same time, the bank expects that new oil supplies will remain constrained. Shareholders will pressure major companies to invest in renewable energy, or push shale drillers to return cash rather than spend on new drilling.</p>\n<p>Still, expectations for a tight market in 2022 are far from unanimous. A report from the&nbsp;International Energy Agency&nbsp;earlier this month showed that half of the projected increase in demand can be met by recovering output outside OPEC, predominantly from the U.S.</p>\n<p>That would leave the Organization of Petroleum Exporting Countries and its partners with significant quantities of idle output -- and even more if Iran can strike a nuclear accord with the U.S. by then.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil May Hit $100 a Barrel Next Year on Demand Rebound, BofA Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOil May Hit $100 a Barrel Next Year on Demand Rebound, BofA Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 18:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-21/oil-may-hit-100-a-barrel-next-year-on-demand-rebound-bofa-says?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Pent-up desire for travel after lockdown to boost consumption\nEnvironmental concerns will limit investment in new oil supply\n\nOil may surge to $100 a barrel next year as travel demand rebounds,Bank of...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-21/oil-may-hit-100-a-barrel-next-year-on-demand-rebound-bofa-says?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-21/oil-may-hit-100-a-barrel-next-year-on-demand-rebound-bofa-says?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141410103","content_text":"Pent-up desire for travel after lockdown to boost consumption\nEnvironmental concerns will limit investment in new oil supply\n\nOil may surge to $100 a barrel next year as travel demand rebounds,Bank of America Corp. said, the strongest call yet among major forecasters for a return to triple digits.\nGlobal oil consumption will continue to outstrip supply in 2022 as the economic recovery from the pandemic boosts fuel consumption, while investment in new production is crimped by environmental concerns, the bank said in a report.\n“There is plenty of pent-up oil demand ready to be unleashed,” said Francisco Blanch, the bank’s New York-based head of commodities research. Brent futures traded near $74 a barrel on Monday.\nWhile other market-watchers, from trading house Trafigura Groupto Goldman Sachs Group Inc., have already said that oil could reach $100 again in the right conditions, the prediction from Bank of America is the firmest to date.\nIf crude does return to triple digits, it will be the first time since 2014, before a flood of North American shale oil sent the market into a slump from which it has never fully recovered.\nThe increasingly bullish outlook for oil is adding to pressure on the OPEC+ coalition led by Saudi Arabia and Russia, which meets next week to consider reviving some more of the production it cut during the pandemic.\nWhile Riyadh has signaled it prefers to move cautiously, an ever-tighter world market could compel the alliance to open the taps a little. Prices have been stoked this month as fellow OPEC memberIranfails to clinch an agreement to relieve U.S. sanctions on its petroleum exports.\nCar Travel\nAccording to Bank of America, the immediate prospects for the OPEC+ alliance are bright.\nOil consumption will be bolstered next year as mass transit struggles to keep pace with extra travel demand, prompting passengers to make greater use of private cars.\nEven the ongoing popularity of remote working won’t dent fuel consumption as much as expected, as home-workers use cars during the day to run personal errands, the bank said.\n“Work-from-home means ‘work-from-car’ in many cases,” Blanch said.\nAt the same time, the bank expects that new oil supplies will remain constrained. Shareholders will pressure major companies to invest in renewable energy, or push shale drillers to return cash rather than spend on new drilling.\nStill, expectations for a tight market in 2022 are far from unanimous. A report from the International Energy Agency earlier this month showed that half of the projected increase in demand can be met by recovering output outside OPEC, predominantly from the U.S.\nThat would leave the Organization of Petroleum Exporting Countries and its partners with significant quantities of idle output -- and even more if Iran can strike a nuclear accord with the U.S. by then.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":167276548,"gmtCreate":1624274215684,"gmtModify":1703832129353,"author":{"id":"3578369999666421","authorId":"3578369999666421","name":"JasonNg07","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3578369999666421","authorIdStr":"3578369999666421"},"htmlText":"To the moon!!?","listText":"To the moon!!?","text":"To the moon!!?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167276548","repostId":1141410103,"repostType":4,"repost":{"id":"1141410103","pubTimestamp":1624272923,"share":"https://ttm.financial/m/news/1141410103?lang=&edition=fundamental","pubTime":"2021-06-21 18:55","market":"us","language":"en","title":"Oil May Hit $100 a Barrel Next Year on Demand Rebound, BofA Says","url":"https://stock-news.laohu8.com/highlight/detail?id=1141410103","media":"Bloomberg","summary":"Pent-up desire for travel after lockdown to boost consumption\nEnvironmental concerns will limit inve","content":"<ul>\n <li>Pent-up desire for travel after lockdown to boost consumption</li>\n <li>Environmental concerns will limit investment in new oil supply</li>\n</ul>\n<p>Oil may surge to $100 a barrel next year as travel demand rebounds,Bank of America Corp.&nbsp;said, the strongest call yet among major forecasters for a return to triple digits.</p>\n<p>Global oil consumption will continue to outstrip supply in 2022 as the economic recovery from the pandemic boosts fuel consumption, while investment in new production is crimped by environmental concerns, the bank said in a report.</p>\n<p>“There is plenty of pent-up oil demand ready to be unleashed,” said Francisco Blanch, the bank’s New York-based head of commodities research. Brent futures traded near $74 a barrel on Monday.</p>\n<p>While other market-watchers, from trading house&nbsp;Trafigura Groupto Goldman Sachs Group Inc., have already said that oil could reach $100 again in the right conditions, the prediction from Bank of America is the firmest to date.</p>\n<p>If crude does return to triple digits, it will be the first time since 2014, before a flood of North American shale oil sent the market into a slump from which it has never fully recovered.</p>\n<p>The increasingly bullish outlook for oil is adding to pressure on the OPEC+ coalition led by Saudi Arabia and Russia, which meets next week to consider reviving some more of the production it cut during the pandemic.</p>\n<p>While Riyadh has signaled it prefers to move cautiously, an ever-tighter world market could compel the alliance to open the taps a little. Prices have been stoked this month as fellow OPEC memberIranfails to clinch an agreement to relieve U.S. sanctions on its petroleum exports.</p>\n<p><b>Car Travel</b></p>\n<p>According to Bank of America, the immediate prospects for the OPEC+ alliance are bright.</p>\n<p>Oil consumption will be bolstered next year as mass transit struggles to keep pace with extra travel demand, prompting passengers to make greater use of private cars.</p>\n<p>Even the ongoing popularity of remote working won’t dent fuel consumption as much as expected, as home-workers use cars during the day to run personal errands, the bank said.</p>\n<p>“Work-from-home means ‘work-from-car’ in many cases,” Blanch said.</p>\n<p>At the same time, the bank expects that new oil supplies will remain constrained. Shareholders will pressure major companies to invest in renewable energy, or push shale drillers to return cash rather than spend on new drilling.</p>\n<p>Still, expectations for a tight market in 2022 are far from unanimous. A report from the&nbsp;International Energy Agency&nbsp;earlier this month showed that half of the projected increase in demand can be met by recovering output outside OPEC, predominantly from the U.S.</p>\n<p>That would leave the Organization of Petroleum Exporting Countries and its partners with significant quantities of idle output -- and even more if Iran can strike a nuclear accord with the U.S. by then.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil May Hit $100 a Barrel Next Year on Demand Rebound, BofA Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOil May Hit $100 a Barrel Next Year on Demand Rebound, BofA Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 18:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-21/oil-may-hit-100-a-barrel-next-year-on-demand-rebound-bofa-says?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Pent-up desire for travel after lockdown to boost consumption\nEnvironmental concerns will limit investment in new oil supply\n\nOil may surge to $100 a barrel next year as travel demand rebounds,Bank of...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-21/oil-may-hit-100-a-barrel-next-year-on-demand-rebound-bofa-says?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-21/oil-may-hit-100-a-barrel-next-year-on-demand-rebound-bofa-says?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141410103","content_text":"Pent-up desire for travel after lockdown to boost consumption\nEnvironmental concerns will limit investment in new oil supply\n\nOil may surge to $100 a barrel next year as travel demand rebounds,Bank of America Corp. said, the strongest call yet among major forecasters for a return to triple digits.\nGlobal oil consumption will continue to outstrip supply in 2022 as the economic recovery from the pandemic boosts fuel consumption, while investment in new production is crimped by environmental concerns, the bank said in a report.\n“There is plenty of pent-up oil demand ready to be unleashed,” said Francisco Blanch, the bank’s New York-based head of commodities research. Brent futures traded near $74 a barrel on Monday.\nWhile other market-watchers, from trading house Trafigura Groupto Goldman Sachs Group Inc., have already said that oil could reach $100 again in the right conditions, the prediction from Bank of America is the firmest to date.\nIf crude does return to triple digits, it will be the first time since 2014, before a flood of North American shale oil sent the market into a slump from which it has never fully recovered.\nThe increasingly bullish outlook for oil is adding to pressure on the OPEC+ coalition led by Saudi Arabia and Russia, which meets next week to consider reviving some more of the production it cut during the pandemic.\nWhile Riyadh has signaled it prefers to move cautiously, an ever-tighter world market could compel the alliance to open the taps a little. Prices have been stoked this month as fellow OPEC memberIranfails to clinch an agreement to relieve U.S. sanctions on its petroleum exports.\nCar Travel\nAccording to Bank of America, the immediate prospects for the OPEC+ alliance are bright.\nOil consumption will be bolstered next year as mass transit struggles to keep pace with extra travel demand, prompting passengers to make greater use of private cars.\nEven the ongoing popularity of remote working won’t dent fuel consumption as much as expected, as home-workers use cars during the day to run personal errands, the bank said.\n“Work-from-home means ‘work-from-car’ in many cases,” Blanch said.\nAt the same time, the bank expects that new oil supplies will remain constrained. Shareholders will pressure major companies to invest in renewable energy, or push shale drillers to return cash rather than spend on new drilling.\nStill, expectations for a tight market in 2022 are far from unanimous. A report from the International Energy Agency earlier this month showed that half of the projected increase in demand can be met by recovering output outside OPEC, predominantly from the U.S.\nThat would leave the Organization of Petroleum Exporting Countries and its partners with significant quantities of idle output -- and even more if Iran can strike a nuclear accord with the U.S. by then.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":167271194,"gmtCreate":1624274133418,"gmtModify":1703832125426,"author":{"id":"3568536339150618","authorId":"3568536339150618","name":"Jeffgoh","avatar":"https://static.tigerbbs.com/a1166397d2b5f6ddeaca6a777eb59be6","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3568536339150618","authorIdStr":"3568536339150618"},"htmlText":"Agreed. Hold look stocks!!","listText":"Agreed. Hold look stocks!!","text":"Agreed. Hold look stocks!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167271194","repostId":1141410103,"repostType":4,"repost":{"id":"1141410103","pubTimestamp":1624272923,"share":"https://ttm.financial/m/news/1141410103?lang=&edition=fundamental","pubTime":"2021-06-21 18:55","market":"us","language":"en","title":"Oil May Hit $100 a Barrel Next Year on Demand Rebound, BofA Says","url":"https://stock-news.laohu8.com/highlight/detail?id=1141410103","media":"Bloomberg","summary":"Pent-up desire for travel after lockdown to boost consumption\nEnvironmental concerns will limit inve","content":"<ul>\n <li>Pent-up desire for travel after lockdown to boost consumption</li>\n <li>Environmental concerns will limit investment in new oil supply</li>\n</ul>\n<p>Oil may surge to $100 a barrel next year as travel demand rebounds,Bank of America Corp.&nbsp;said, the strongest call yet among major forecasters for a return to triple digits.</p>\n<p>Global oil consumption will continue to outstrip supply in 2022 as the economic recovery from the pandemic boosts fuel consumption, while investment in new production is crimped by environmental concerns, the bank said in a report.</p>\n<p>“There is plenty of pent-up oil demand ready to be unleashed,” said Francisco Blanch, the bank’s New York-based head of commodities research. Brent futures traded near $74 a barrel on Monday.</p>\n<p>While other market-watchers, from trading house&nbsp;Trafigura Groupto Goldman Sachs Group Inc., have already said that oil could reach $100 again in the right conditions, the prediction from Bank of America is the firmest to date.</p>\n<p>If crude does return to triple digits, it will be the first time since 2014, before a flood of North American shale oil sent the market into a slump from which it has never fully recovered.</p>\n<p>The increasingly bullish outlook for oil is adding to pressure on the OPEC+ coalition led by Saudi Arabia and Russia, which meets next week to consider reviving some more of the production it cut during the pandemic.</p>\n<p>While Riyadh has signaled it prefers to move cautiously, an ever-tighter world market could compel the alliance to open the taps a little. Prices have been stoked this month as fellow OPEC memberIranfails to clinch an agreement to relieve U.S. sanctions on its petroleum exports.</p>\n<p><b>Car Travel</b></p>\n<p>According to Bank of America, the immediate prospects for the OPEC+ alliance are bright.</p>\n<p>Oil consumption will be bolstered next year as mass transit struggles to keep pace with extra travel demand, prompting passengers to make greater use of private cars.</p>\n<p>Even the ongoing popularity of remote working won’t dent fuel consumption as much as expected, as home-workers use cars during the day to run personal errands, the bank said.</p>\n<p>“Work-from-home means ‘work-from-car’ in many cases,” Blanch said.</p>\n<p>At the same time, the bank expects that new oil supplies will remain constrained. Shareholders will pressure major companies to invest in renewable energy, or push shale drillers to return cash rather than spend on new drilling.</p>\n<p>Still, expectations for a tight market in 2022 are far from unanimous. A report from the&nbsp;International Energy Agency&nbsp;earlier this month showed that half of the projected increase in demand can be met by recovering output outside OPEC, predominantly from the U.S.</p>\n<p>That would leave the Organization of Petroleum Exporting Countries and its partners with significant quantities of idle output -- and even more if Iran can strike a nuclear accord with the U.S. by then.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil May Hit $100 a Barrel Next Year on Demand Rebound, BofA Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOil May Hit $100 a Barrel Next Year on Demand Rebound, BofA Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 18:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-21/oil-may-hit-100-a-barrel-next-year-on-demand-rebound-bofa-says?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Pent-up desire for travel after lockdown to boost consumption\nEnvironmental concerns will limit investment in new oil supply\n\nOil may surge to $100 a barrel next year as travel demand rebounds,Bank of...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-21/oil-may-hit-100-a-barrel-next-year-on-demand-rebound-bofa-says?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-21/oil-may-hit-100-a-barrel-next-year-on-demand-rebound-bofa-says?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141410103","content_text":"Pent-up desire for travel after lockdown to boost consumption\nEnvironmental concerns will limit investment in new oil supply\n\nOil may surge to $100 a barrel next year as travel demand rebounds,Bank of America Corp. said, the strongest call yet among major forecasters for a return to triple digits.\nGlobal oil consumption will continue to outstrip supply in 2022 as the economic recovery from the pandemic boosts fuel consumption, while investment in new production is crimped by environmental concerns, the bank said in a report.\n“There is plenty of pent-up oil demand ready to be unleashed,” said Francisco Blanch, the bank’s New York-based head of commodities research. Brent futures traded near $74 a barrel on Monday.\nWhile other market-watchers, from trading house Trafigura Groupto Goldman Sachs Group Inc., have already said that oil could reach $100 again in the right conditions, the prediction from Bank of America is the firmest to date.\nIf crude does return to triple digits, it will be the first time since 2014, before a flood of North American shale oil sent the market into a slump from which it has never fully recovered.\nThe increasingly bullish outlook for oil is adding to pressure on the OPEC+ coalition led by Saudi Arabia and Russia, which meets next week to consider reviving some more of the production it cut during the pandemic.\nWhile Riyadh has signaled it prefers to move cautiously, an ever-tighter world market could compel the alliance to open the taps a little. Prices have been stoked this month as fellow OPEC memberIranfails to clinch an agreement to relieve U.S. sanctions on its petroleum exports.\nCar Travel\nAccording to Bank of America, the immediate prospects for the OPEC+ alliance are bright.\nOil consumption will be bolstered next year as mass transit struggles to keep pace with extra travel demand, prompting passengers to make greater use of private cars.\nEven the ongoing popularity of remote working won’t dent fuel consumption as much as expected, as home-workers use cars during the day to run personal errands, the bank said.\n“Work-from-home means ‘work-from-car’ in many cases,” Blanch said.\nAt the same time, the bank expects that new oil supplies will remain constrained. Shareholders will pressure major companies to invest in renewable energy, or push shale drillers to return cash rather than spend on new drilling.\nStill, expectations for a tight market in 2022 are far from unanimous. A report from the International Energy Agency earlier this month showed that half of the projected increase in demand can be met by recovering output outside OPEC, predominantly from the U.S.\nThat would leave the Organization of Petroleum Exporting Countries and its partners with significant quantities of idle output -- and even more if Iran can strike a nuclear accord with the U.S. by then.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":167244373,"gmtCreate":1624273835892,"gmtModify":1703832117911,"author":{"id":"3555585776027409","authorId":"3555585776027409","name":"Lavina","avatar":"https://static.tigerbbs.com/5c61371048569bef9bc9fa87a13b3764","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3555585776027409","authorIdStr":"3555585776027409"},"htmlText":"Higher expenses&nbsp;","listText":"Higher expenses&nbsp;","text":"Higher expenses","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/167244373","repostId":1141410103,"repostType":4,"repost":{"id":"1141410103","pubTimestamp":1624272923,"share":"https://ttm.financial/m/news/1141410103?lang=&edition=fundamental","pubTime":"2021-06-21 18:55","market":"us","language":"en","title":"Oil May Hit $100 a Barrel Next Year on Demand Rebound, BofA Says","url":"https://stock-news.laohu8.com/highlight/detail?id=1141410103","media":"Bloomberg","summary":"Pent-up desire for travel after lockdown to boost consumption\nEnvironmental concerns will limit inve","content":"<ul>\n <li>Pent-up desire for travel after lockdown to boost consumption</li>\n <li>Environmental concerns will limit investment in new oil supply</li>\n</ul>\n<p>Oil may surge to $100 a barrel next year as travel demand rebounds,Bank of America Corp.&nbsp;said, the strongest call yet among major forecasters for a return to triple digits.</p>\n<p>Global oil consumption will continue to outstrip supply in 2022 as the economic recovery from the pandemic boosts fuel consumption, while investment in new production is crimped by environmental concerns, the bank said in a report.</p>\n<p>“There is plenty of pent-up oil demand ready to be unleashed,” said Francisco Blanch, the bank’s New York-based head of commodities research. Brent futures traded near $74 a barrel on Monday.</p>\n<p>While other market-watchers, from trading house&nbsp;Trafigura Groupto Goldman Sachs Group Inc., have already said that oil could reach $100 again in the right conditions, the prediction from Bank of America is the firmest to date.</p>\n<p>If crude does return to triple digits, it will be the first time since 2014, before a flood of North American shale oil sent the market into a slump from which it has never fully recovered.</p>\n<p>The increasingly bullish outlook for oil is adding to pressure on the OPEC+ coalition led by Saudi Arabia and Russia, which meets next week to consider reviving some more of the production it cut during the pandemic.</p>\n<p>While Riyadh has signaled it prefers to move cautiously, an ever-tighter world market could compel the alliance to open the taps a little. Prices have been stoked this month as fellow OPEC memberIranfails to clinch an agreement to relieve U.S. sanctions on its petroleum exports.</p>\n<p><b>Car Travel</b></p>\n<p>According to Bank of America, the immediate prospects for the OPEC+ alliance are bright.</p>\n<p>Oil consumption will be bolstered next year as mass transit struggles to keep pace with extra travel demand, prompting passengers to make greater use of private cars.</p>\n<p>Even the ongoing popularity of remote working won’t dent fuel consumption as much as expected, as home-workers use cars during the day to run personal errands, the bank said.</p>\n<p>“Work-from-home means ‘work-from-car’ in many cases,” Blanch said.</p>\n<p>At the same time, the bank expects that new oil supplies will remain constrained. Shareholders will pressure major companies to invest in renewable energy, or push shale drillers to return cash rather than spend on new drilling.</p>\n<p>Still, expectations for a tight market in 2022 are far from unanimous. A report from the&nbsp;International Energy Agency&nbsp;earlier this month showed that half of the projected increase in demand can be met by recovering output outside OPEC, predominantly from the U.S.</p>\n<p>That would leave the Organization of Petroleum Exporting Countries and its partners with significant quantities of idle output -- and even more if Iran can strike a nuclear accord with the U.S. by then.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil May Hit $100 a Barrel Next Year on Demand Rebound, BofA Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOil May Hit $100 a Barrel Next Year on Demand Rebound, BofA Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 18:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-21/oil-may-hit-100-a-barrel-next-year-on-demand-rebound-bofa-says?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Pent-up desire for travel after lockdown to boost consumption\nEnvironmental concerns will limit investment in new oil supply\n\nOil may surge to $100 a barrel next year as travel demand rebounds,Bank of...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-21/oil-may-hit-100-a-barrel-next-year-on-demand-rebound-bofa-says?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-21/oil-may-hit-100-a-barrel-next-year-on-demand-rebound-bofa-says?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141410103","content_text":"Pent-up desire for travel after lockdown to boost consumption\nEnvironmental concerns will limit investment in new oil supply\n\nOil may surge to $100 a barrel next year as travel demand rebounds,Bank of America Corp. said, the strongest call yet among major forecasters for a return to triple digits.\nGlobal oil consumption will continue to outstrip supply in 2022 as the economic recovery from the pandemic boosts fuel consumption, while investment in new production is crimped by environmental concerns, the bank said in a report.\n“There is plenty of pent-up oil demand ready to be unleashed,” said Francisco Blanch, the bank’s New York-based head of commodities research. Brent futures traded near $74 a barrel on Monday.\nWhile other market-watchers, from trading house Trafigura Groupto Goldman Sachs Group Inc., have already said that oil could reach $100 again in the right conditions, the prediction from Bank of America is the firmest to date.\nIf crude does return to triple digits, it will be the first time since 2014, before a flood of North American shale oil sent the market into a slump from which it has never fully recovered.\nThe increasingly bullish outlook for oil is adding to pressure on the OPEC+ coalition led by Saudi Arabia and Russia, which meets next week to consider reviving some more of the production it cut during the pandemic.\nWhile Riyadh has signaled it prefers to move cautiously, an ever-tighter world market could compel the alliance to open the taps a little. Prices have been stoked this month as fellow OPEC memberIranfails to clinch an agreement to relieve U.S. sanctions on its petroleum exports.\nCar Travel\nAccording to Bank of America, the immediate prospects for the OPEC+ alliance are bright.\nOil consumption will be bolstered next year as mass transit struggles to keep pace with extra travel demand, prompting passengers to make greater use of private cars.\nEven the ongoing popularity of remote working won’t dent fuel consumption as much as expected, as home-workers use cars during the day to run personal errands, the bank said.\n“Work-from-home means ‘work-from-car’ in many cases,” Blanch said.\nAt the same time, the bank expects that new oil supplies will remain constrained. Shareholders will pressure major companies to invest in renewable energy, or push shale drillers to return cash rather than spend on new drilling.\nStill, expectations for a tight market in 2022 are far from unanimous. A report from the International Energy Agency earlier this month showed that half of the projected increase in demand can be met by recovering output outside OPEC, predominantly from the U.S.\nThat would leave the Organization of Petroleum Exporting Countries and its partners with significant quantities of idle output -- and even more if Iran can strike a nuclear accord with the U.S. by then.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4932329,"gmtCreate":1624274062576,"gmtModify":1663229607036,"authorId":3570063321997588,"author":{"id":3570063321997588,"idStr":"3570063321997588","authorId":3570063321997588,"name":"hitithard","avatar":"https://static.tigerbbs.com/309ce7b357018aa7b946332c2fe8725c","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-3","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"President Tiger","description":"The transaction amount of the securities account reaches $1,000,000","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"93.77%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":167244373,"type":1,"supId":0,"prevId":0,"content":"Comment on my comment","text":"Comment on my comment","html":"Comment on my comment"},{"id":4932378,"gmtCreate":1624274308727,"gmtModify":1663229606454,"authorId":3583461402831706,"author":{"id":3583461402831706,"idStr":"3583461402831706","authorId":3583461402831706,"name":"RobertNg","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":167244373,"type":1,"supId":4932329,"prevId":0,"content":"Please like and comment. Thanks","text":"Please like and comment. Thanks","html":"Please like and comment. Thanks"}],"langContent":"EN"},{"id":167246757,"gmtCreate":1624273660079,"gmtModify":1703832114965,"author":{"id":"3586931593498823","authorId":"3586931593498823","name":"Mitchu","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3586931593498823","authorIdStr":"3586931593498823"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/167246757","repostId":1141410103,"repostType":4,"repost":{"id":"1141410103","pubTimestamp":1624272923,"share":"https://ttm.financial/m/news/1141410103?lang=&edition=fundamental","pubTime":"2021-06-21 18:55","market":"us","language":"en","title":"Oil May Hit $100 a Barrel Next Year on Demand Rebound, BofA Says","url":"https://stock-news.laohu8.com/highlight/detail?id=1141410103","media":"Bloomberg","summary":"Pent-up desire for travel after lockdown to boost consumption\nEnvironmental concerns will limit inve","content":"<ul>\n <li>Pent-up desire for travel after lockdown to boost consumption</li>\n <li>Environmental concerns will limit investment in new oil supply</li>\n</ul>\n<p>Oil may surge to $100 a barrel next year as travel demand rebounds,Bank of America Corp.&nbsp;said, the strongest call yet among major forecasters for a return to triple digits.</p>\n<p>Global oil consumption will continue to outstrip supply in 2022 as the economic recovery from the pandemic boosts fuel consumption, while investment in new production is crimped by environmental concerns, the bank said in a report.</p>\n<p>“There is plenty of pent-up oil demand ready to be unleashed,” said Francisco Blanch, the bank’s New York-based head of commodities research. Brent futures traded near $74 a barrel on Monday.</p>\n<p>While other market-watchers, from trading house&nbsp;Trafigura Groupto Goldman Sachs Group Inc., have already said that oil could reach $100 again in the right conditions, the prediction from Bank of America is the firmest to date.</p>\n<p>If crude does return to triple digits, it will be the first time since 2014, before a flood of North American shale oil sent the market into a slump from which it has never fully recovered.</p>\n<p>The increasingly bullish outlook for oil is adding to pressure on the OPEC+ coalition led by Saudi Arabia and Russia, which meets next week to consider reviving some more of the production it cut during the pandemic.</p>\n<p>While Riyadh has signaled it prefers to move cautiously, an ever-tighter world market could compel the alliance to open the taps a little. Prices have been stoked this month as fellow OPEC memberIranfails to clinch an agreement to relieve U.S. sanctions on its petroleum exports.</p>\n<p><b>Car Travel</b></p>\n<p>According to Bank of America, the immediate prospects for the OPEC+ alliance are bright.</p>\n<p>Oil consumption will be bolstered next year as mass transit struggles to keep pace with extra travel demand, prompting passengers to make greater use of private cars.</p>\n<p>Even the ongoing popularity of remote working won’t dent fuel consumption as much as expected, as home-workers use cars during the day to run personal errands, the bank said.</p>\n<p>“Work-from-home means ‘work-from-car’ in many cases,” Blanch said.</p>\n<p>At the same time, the bank expects that new oil supplies will remain constrained. Shareholders will pressure major companies to invest in renewable energy, or push shale drillers to return cash rather than spend on new drilling.</p>\n<p>Still, expectations for a tight market in 2022 are far from unanimous. A report from the&nbsp;International Energy Agency&nbsp;earlier this month showed that half of the projected increase in demand can be met by recovering output outside OPEC, predominantly from the U.S.</p>\n<p>That would leave the Organization of Petroleum Exporting Countries and its partners with significant quantities of idle output -- and even more if Iran can strike a nuclear accord with the U.S. by then.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil May Hit $100 a Barrel Next Year on Demand Rebound, BofA Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOil May Hit $100 a Barrel Next Year on Demand Rebound, BofA Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 18:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-21/oil-may-hit-100-a-barrel-next-year-on-demand-rebound-bofa-says?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Pent-up desire for travel after lockdown to boost consumption\nEnvironmental concerns will limit investment in new oil supply\n\nOil may surge to $100 a barrel next year as travel demand rebounds,Bank of...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-21/oil-may-hit-100-a-barrel-next-year-on-demand-rebound-bofa-says?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-21/oil-may-hit-100-a-barrel-next-year-on-demand-rebound-bofa-says?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141410103","content_text":"Pent-up desire for travel after lockdown to boost consumption\nEnvironmental concerns will limit investment in new oil supply\n\nOil may surge to $100 a barrel next year as travel demand rebounds,Bank of America Corp. said, the strongest call yet among major forecasters for a return to triple digits.\nGlobal oil consumption will continue to outstrip supply in 2022 as the economic recovery from the pandemic boosts fuel consumption, while investment in new production is crimped by environmental concerns, the bank said in a report.\n“There is plenty of pent-up oil demand ready to be unleashed,” said Francisco Blanch, the bank’s New York-based head of commodities research. Brent futures traded near $74 a barrel on Monday.\nWhile other market-watchers, from trading house Trafigura Groupto Goldman Sachs Group Inc., have already said that oil could reach $100 again in the right conditions, the prediction from Bank of America is the firmest to date.\nIf crude does return to triple digits, it will be the first time since 2014, before a flood of North American shale oil sent the market into a slump from which it has never fully recovered.\nThe increasingly bullish outlook for oil is adding to pressure on the OPEC+ coalition led by Saudi Arabia and Russia, which meets next week to consider reviving some more of the production it cut during the pandemic.\nWhile Riyadh has signaled it prefers to move cautiously, an ever-tighter world market could compel the alliance to open the taps a little. Prices have been stoked this month as fellow OPEC memberIranfails to clinch an agreement to relieve U.S. sanctions on its petroleum exports.\nCar Travel\nAccording to Bank of America, the immediate prospects for the OPEC+ alliance are bright.\nOil consumption will be bolstered next year as mass transit struggles to keep pace with extra travel demand, prompting passengers to make greater use of private cars.\nEven the ongoing popularity of remote working won’t dent fuel consumption as much as expected, as home-workers use cars during the day to run personal errands, the bank said.\n“Work-from-home means ‘work-from-car’ in many cases,” Blanch said.\nAt the same time, the bank expects that new oil supplies will remain constrained. Shareholders will pressure major companies to invest in renewable energy, or push shale drillers to return cash rather than spend on new drilling.\nStill, expectations for a tight market in 2022 are far from unanimous. A report from the International Energy Agency earlier this month showed that half of the projected increase in demand can be met by recovering output outside OPEC, predominantly from the U.S.\nThat would leave the Organization of Petroleum Exporting Countries and its partners with significant quantities of idle output -- and even more if Iran can strike a nuclear accord with the U.S. by then.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4932326,"gmtCreate":1624274045077,"gmtModify":1663229606039,"authorId":3575360126422468,"author":{"id":3575360126422468,"idStr":"3575360126422468","authorId":3575360126422468,"name":"jerromey","avatar":"https://static.tigerbbs.com/b0415887ed05fd6a21d2db00ec617f04","vip":1,"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":167246757,"type":1,"supId":0,"prevId":0,"content":"Like n comment","text":"Like n comment","html":"Like n comment"}],"langContent":"EN"},{"id":167248765,"gmtCreate":1624273608757,"gmtModify":1703832113495,"author":{"id":"3582669029984591","authorId":"3582669029984591","name":"HuEr","avatar":"https://static.tigerbbs.com/ec5bde574784bed0d29daeee8cd0e487","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3582669029984591","authorIdStr":"3582669029984591"},"htmlText":"On the rebound!","listText":"On the rebound!","text":"On the rebound!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167248765","repostId":1141410103,"repostType":4,"repost":{"id":"1141410103","pubTimestamp":1624272923,"share":"https://ttm.financial/m/news/1141410103?lang=&edition=fundamental","pubTime":"2021-06-21 18:55","market":"us","language":"en","title":"Oil May Hit $100 a Barrel Next Year on Demand Rebound, BofA Says","url":"https://stock-news.laohu8.com/highlight/detail?id=1141410103","media":"Bloomberg","summary":"Pent-up desire for travel after lockdown to boost consumption\nEnvironmental concerns will limit inve","content":"<ul>\n <li>Pent-up desire for travel after lockdown to boost consumption</li>\n <li>Environmental concerns will limit investment in new oil supply</li>\n</ul>\n<p>Oil may surge to $100 a barrel next year as travel demand rebounds,Bank of America Corp.&nbsp;said, the strongest call yet among major forecasters for a return to triple digits.</p>\n<p>Global oil consumption will continue to outstrip supply in 2022 as the economic recovery from the pandemic boosts fuel consumption, while investment in new production is crimped by environmental concerns, the bank said in a report.</p>\n<p>“There is plenty of pent-up oil demand ready to be unleashed,” said Francisco Blanch, the bank’s New York-based head of commodities research. Brent futures traded near $74 a barrel on Monday.</p>\n<p>While other market-watchers, from trading house&nbsp;Trafigura Groupto Goldman Sachs Group Inc., have already said that oil could reach $100 again in the right conditions, the prediction from Bank of America is the firmest to date.</p>\n<p>If crude does return to triple digits, it will be the first time since 2014, before a flood of North American shale oil sent the market into a slump from which it has never fully recovered.</p>\n<p>The increasingly bullish outlook for oil is adding to pressure on the OPEC+ coalition led by Saudi Arabia and Russia, which meets next week to consider reviving some more of the production it cut during the pandemic.</p>\n<p>While Riyadh has signaled it prefers to move cautiously, an ever-tighter world market could compel the alliance to open the taps a little. Prices have been stoked this month as fellow OPEC memberIranfails to clinch an agreement to relieve U.S. sanctions on its petroleum exports.</p>\n<p><b>Car Travel</b></p>\n<p>According to Bank of America, the immediate prospects for the OPEC+ alliance are bright.</p>\n<p>Oil consumption will be bolstered next year as mass transit struggles to keep pace with extra travel demand, prompting passengers to make greater use of private cars.</p>\n<p>Even the ongoing popularity of remote working won’t dent fuel consumption as much as expected, as home-workers use cars during the day to run personal errands, the bank said.</p>\n<p>“Work-from-home means ‘work-from-car’ in many cases,” Blanch said.</p>\n<p>At the same time, the bank expects that new oil supplies will remain constrained. Shareholders will pressure major companies to invest in renewable energy, or push shale drillers to return cash rather than spend on new drilling.</p>\n<p>Still, expectations for a tight market in 2022 are far from unanimous. A report from the&nbsp;International Energy Agency&nbsp;earlier this month showed that half of the projected increase in demand can be met by recovering output outside OPEC, predominantly from the U.S.</p>\n<p>That would leave the Organization of Petroleum Exporting Countries and its partners with significant quantities of idle output -- and even more if Iran can strike a nuclear accord with the U.S. by then.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil May Hit $100 a Barrel Next Year on Demand Rebound, BofA Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOil May Hit $100 a Barrel Next Year on Demand Rebound, BofA Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 18:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-21/oil-may-hit-100-a-barrel-next-year-on-demand-rebound-bofa-says?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Pent-up desire for travel after lockdown to boost consumption\nEnvironmental concerns will limit investment in new oil supply\n\nOil may surge to $100 a barrel next year as travel demand rebounds,Bank of...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-21/oil-may-hit-100-a-barrel-next-year-on-demand-rebound-bofa-says?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-21/oil-may-hit-100-a-barrel-next-year-on-demand-rebound-bofa-says?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141410103","content_text":"Pent-up desire for travel after lockdown to boost consumption\nEnvironmental concerns will limit investment in new oil supply\n\nOil may surge to $100 a barrel next year as travel demand rebounds,Bank of America Corp. said, the strongest call yet among major forecasters for a return to triple digits.\nGlobal oil consumption will continue to outstrip supply in 2022 as the economic recovery from the pandemic boosts fuel consumption, while investment in new production is crimped by environmental concerns, the bank said in a report.\n“There is plenty of pent-up oil demand ready to be unleashed,” said Francisco Blanch, the bank’s New York-based head of commodities research. Brent futures traded near $74 a barrel on Monday.\nWhile other market-watchers, from trading house Trafigura Groupto Goldman Sachs Group Inc., have already said that oil could reach $100 again in the right conditions, the prediction from Bank of America is the firmest to date.\nIf crude does return to triple digits, it will be the first time since 2014, before a flood of North American shale oil sent the market into a slump from which it has never fully recovered.\nThe increasingly bullish outlook for oil is adding to pressure on the OPEC+ coalition led by Saudi Arabia and Russia, which meets next week to consider reviving some more of the production it cut during the pandemic.\nWhile Riyadh has signaled it prefers to move cautiously, an ever-tighter world market could compel the alliance to open the taps a little. Prices have been stoked this month as fellow OPEC memberIranfails to clinch an agreement to relieve U.S. sanctions on its petroleum exports.\nCar Travel\nAccording to Bank of America, the immediate prospects for the OPEC+ alliance are bright.\nOil consumption will be bolstered next year as mass transit struggles to keep pace with extra travel demand, prompting passengers to make greater use of private cars.\nEven the ongoing popularity of remote working won’t dent fuel consumption as much as expected, as home-workers use cars during the day to run personal errands, the bank said.\n“Work-from-home means ‘work-from-car’ in many cases,” Blanch said.\nAt the same time, the bank expects that new oil supplies will remain constrained. Shareholders will pressure major companies to invest in renewable energy, or push shale drillers to return cash rather than spend on new drilling.\nStill, expectations for a tight market in 2022 are far from unanimous. A report from the International Energy Agency earlier this month showed that half of the projected increase in demand can be met by recovering output outside OPEC, predominantly from the U.S.\nThat would leave the Organization of Petroleum Exporting Countries and its partners with significant quantities of idle output -- and even more if Iran can strike a nuclear accord with the U.S. by then.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":167241641,"gmtCreate":1624273504583,"gmtModify":1703832111545,"author":{"id":"3579221355052448","authorId":"3579221355052448","name":"Ivan8888","avatar":"https://static.tigerbbs.com/94679242adb4c26792ef839c184b9281","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":8,"crmLevelSwitch":1,"idStr":"3579221355052448","authorIdStr":"3579221355052448"},"htmlText":"possible","listText":"possible","text":"possible","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167241641","repostId":1141410103,"repostType":4,"repost":{"id":"1141410103","pubTimestamp":1624272923,"share":"https://ttm.financial/m/news/1141410103?lang=&edition=fundamental","pubTime":"2021-06-21 18:55","market":"us","language":"en","title":"Oil May Hit $100 a Barrel Next Year on Demand Rebound, BofA Says","url":"https://stock-news.laohu8.com/highlight/detail?id=1141410103","media":"Bloomberg","summary":"Pent-up desire for travel after lockdown to boost consumption\nEnvironmental concerns will limit inve","content":"<ul>\n <li>Pent-up desire for travel after lockdown to boost consumption</li>\n <li>Environmental concerns will limit investment in new oil supply</li>\n</ul>\n<p>Oil may surge to $100 a barrel next year as travel demand rebounds,Bank of America Corp.&nbsp;said, the strongest call yet among major forecasters for a return to triple digits.</p>\n<p>Global oil consumption will continue to outstrip supply in 2022 as the economic recovery from the pandemic boosts fuel consumption, while investment in new production is crimped by environmental concerns, the bank said in a report.</p>\n<p>“There is plenty of pent-up oil demand ready to be unleashed,” said Francisco Blanch, the bank’s New York-based head of commodities research. Brent futures traded near $74 a barrel on Monday.</p>\n<p>While other market-watchers, from trading house&nbsp;Trafigura Groupto Goldman Sachs Group Inc., have already said that oil could reach $100 again in the right conditions, the prediction from Bank of America is the firmest to date.</p>\n<p>If crude does return to triple digits, it will be the first time since 2014, before a flood of North American shale oil sent the market into a slump from which it has never fully recovered.</p>\n<p>The increasingly bullish outlook for oil is adding to pressure on the OPEC+ coalition led by Saudi Arabia and Russia, which meets next week to consider reviving some more of the production it cut during the pandemic.</p>\n<p>While Riyadh has signaled it prefers to move cautiously, an ever-tighter world market could compel the alliance to open the taps a little. Prices have been stoked this month as fellow OPEC memberIranfails to clinch an agreement to relieve U.S. sanctions on its petroleum exports.</p>\n<p><b>Car Travel</b></p>\n<p>According to Bank of America, the immediate prospects for the OPEC+ alliance are bright.</p>\n<p>Oil consumption will be bolstered next year as mass transit struggles to keep pace with extra travel demand, prompting passengers to make greater use of private cars.</p>\n<p>Even the ongoing popularity of remote working won’t dent fuel consumption as much as expected, as home-workers use cars during the day to run personal errands, the bank said.</p>\n<p>“Work-from-home means ‘work-from-car’ in many cases,” Blanch said.</p>\n<p>At the same time, the bank expects that new oil supplies will remain constrained. Shareholders will pressure major companies to invest in renewable energy, or push shale drillers to return cash rather than spend on new drilling.</p>\n<p>Still, expectations for a tight market in 2022 are far from unanimous. A report from the&nbsp;International Energy Agency&nbsp;earlier this month showed that half of the projected increase in demand can be met by recovering output outside OPEC, predominantly from the U.S.</p>\n<p>That would leave the Organization of Petroleum Exporting Countries and its partners with significant quantities of idle output -- and even more if Iran can strike a nuclear accord with the U.S. by then.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil May Hit $100 a Barrel Next Year on Demand Rebound, BofA Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOil May Hit $100 a Barrel Next Year on Demand Rebound, BofA Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 18:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-21/oil-may-hit-100-a-barrel-next-year-on-demand-rebound-bofa-says?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Pent-up desire for travel after lockdown to boost consumption\nEnvironmental concerns will limit investment in new oil supply\n\nOil may surge to $100 a barrel next year as travel demand rebounds,Bank of...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-21/oil-may-hit-100-a-barrel-next-year-on-demand-rebound-bofa-says?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-21/oil-may-hit-100-a-barrel-next-year-on-demand-rebound-bofa-says?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141410103","content_text":"Pent-up desire for travel after lockdown to boost consumption\nEnvironmental concerns will limit investment in new oil supply\n\nOil may surge to $100 a barrel next year as travel demand rebounds,Bank of America Corp. said, the strongest call yet among major forecasters for a return to triple digits.\nGlobal oil consumption will continue to outstrip supply in 2022 as the economic recovery from the pandemic boosts fuel consumption, while investment in new production is crimped by environmental concerns, the bank said in a report.\n“There is plenty of pent-up oil demand ready to be unleashed,” said Francisco Blanch, the bank’s New York-based head of commodities research. Brent futures traded near $74 a barrel on Monday.\nWhile other market-watchers, from trading house Trafigura Groupto Goldman Sachs Group Inc., have already said that oil could reach $100 again in the right conditions, the prediction from Bank of America is the firmest to date.\nIf crude does return to triple digits, it will be the first time since 2014, before a flood of North American shale oil sent the market into a slump from which it has never fully recovered.\nThe increasingly bullish outlook for oil is adding to pressure on the OPEC+ coalition led by Saudi Arabia and Russia, which meets next week to consider reviving some more of the production it cut during the pandemic.\nWhile Riyadh has signaled it prefers to move cautiously, an ever-tighter world market could compel the alliance to open the taps a little. Prices have been stoked this month as fellow OPEC memberIranfails to clinch an agreement to relieve U.S. sanctions on its petroleum exports.\nCar Travel\nAccording to Bank of America, the immediate prospects for the OPEC+ alliance are bright.\nOil consumption will be bolstered next year as mass transit struggles to keep pace with extra travel demand, prompting passengers to make greater use of private cars.\nEven the ongoing popularity of remote working won’t dent fuel consumption as much as expected, as home-workers use cars during the day to run personal errands, the bank said.\n“Work-from-home means ‘work-from-car’ in many cases,” Blanch said.\nAt the same time, the bank expects that new oil supplies will remain constrained. Shareholders will pressure major companies to invest in renewable energy, or push shale drillers to return cash rather than spend on new drilling.\nStill, expectations for a tight market in 2022 are far from unanimous. A report from the International Energy Agency earlier this month showed that half of the projected increase in demand can be met by recovering output outside OPEC, predominantly from the U.S.\nThat would leave the Organization of Petroleum Exporting Countries and its partners with significant quantities of idle output -- and even more if Iran can strike a nuclear accord with the U.S. by then.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":167241021,"gmtCreate":1624273482963,"gmtModify":1703832111707,"author":{"id":"3586942657370543","authorId":"3586942657370543","name":"Wei L","avatar":"https://static.tigerbbs.com/69437148178cab1d626a6802180afa5d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3586942657370543","authorIdStr":"3586942657370543"},"htmlText":"Unlikely oil price will shoot up that high but still, anything is possible considering the upcoming inflation&nbsp;","listText":"Unlikely oil price will shoot up that high but still, anything is possible considering the upcoming inflation&nbsp;","text":"Unlikely oil price will shoot up that high but still, anything is possible considering the upcoming inflation","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167241021","repostId":1141410103,"repostType":4,"repost":{"id":"1141410103","pubTimestamp":1624272923,"share":"https://ttm.financial/m/news/1141410103?lang=&edition=fundamental","pubTime":"2021-06-21 18:55","market":"us","language":"en","title":"Oil May Hit $100 a Barrel Next Year on Demand Rebound, BofA Says","url":"https://stock-news.laohu8.com/highlight/detail?id=1141410103","media":"Bloomberg","summary":"Pent-up desire for travel after lockdown to boost consumption\nEnvironmental concerns will limit inve","content":"<ul>\n <li>Pent-up desire for travel after lockdown to boost consumption</li>\n <li>Environmental concerns will limit investment in new oil supply</li>\n</ul>\n<p>Oil may surge to $100 a barrel next year as travel demand rebounds,Bank of America Corp.&nbsp;said, the strongest call yet among major forecasters for a return to triple digits.</p>\n<p>Global oil consumption will continue to outstrip supply in 2022 as the economic recovery from the pandemic boosts fuel consumption, while investment in new production is crimped by environmental concerns, the bank said in a report.</p>\n<p>“There is plenty of pent-up oil demand ready to be unleashed,” said Francisco Blanch, the bank’s New York-based head of commodities research. Brent futures traded near $74 a barrel on Monday.</p>\n<p>While other market-watchers, from trading house&nbsp;Trafigura Groupto Goldman Sachs Group Inc., have already said that oil could reach $100 again in the right conditions, the prediction from Bank of America is the firmest to date.</p>\n<p>If crude does return to triple digits, it will be the first time since 2014, before a flood of North American shale oil sent the market into a slump from which it has never fully recovered.</p>\n<p>The increasingly bullish outlook for oil is adding to pressure on the OPEC+ coalition led by Saudi Arabia and Russia, which meets next week to consider reviving some more of the production it cut during the pandemic.</p>\n<p>While Riyadh has signaled it prefers to move cautiously, an ever-tighter world market could compel the alliance to open the taps a little. Prices have been stoked this month as fellow OPEC memberIranfails to clinch an agreement to relieve U.S. sanctions on its petroleum exports.</p>\n<p><b>Car Travel</b></p>\n<p>According to Bank of America, the immediate prospects for the OPEC+ alliance are bright.</p>\n<p>Oil consumption will be bolstered next year as mass transit struggles to keep pace with extra travel demand, prompting passengers to make greater use of private cars.</p>\n<p>Even the ongoing popularity of remote working won’t dent fuel consumption as much as expected, as home-workers use cars during the day to run personal errands, the bank said.</p>\n<p>“Work-from-home means ‘work-from-car’ in many cases,” Blanch said.</p>\n<p>At the same time, the bank expects that new oil supplies will remain constrained. Shareholders will pressure major companies to invest in renewable energy, or push shale drillers to return cash rather than spend on new drilling.</p>\n<p>Still, expectations for a tight market in 2022 are far from unanimous. A report from the&nbsp;International Energy Agency&nbsp;earlier this month showed that half of the projected increase in demand can be met by recovering output outside OPEC, predominantly from the U.S.</p>\n<p>That would leave the Organization of Petroleum Exporting Countries and its partners with significant quantities of idle output -- and even more if Iran can strike a nuclear accord with the U.S. by then.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil May Hit $100 a Barrel Next Year on Demand Rebound, BofA Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOil May Hit $100 a Barrel Next Year on Demand Rebound, BofA Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 18:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-21/oil-may-hit-100-a-barrel-next-year-on-demand-rebound-bofa-says?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Pent-up desire for travel after lockdown to boost consumption\nEnvironmental concerns will limit investment in new oil supply\n\nOil may surge to $100 a barrel next year as travel demand rebounds,Bank of...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-21/oil-may-hit-100-a-barrel-next-year-on-demand-rebound-bofa-says?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-21/oil-may-hit-100-a-barrel-next-year-on-demand-rebound-bofa-says?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141410103","content_text":"Pent-up desire for travel after lockdown to boost consumption\nEnvironmental concerns will limit investment in new oil supply\n\nOil may surge to $100 a barrel next year as travel demand rebounds,Bank of America Corp. said, the strongest call yet among major forecasters for a return to triple digits.\nGlobal oil consumption will continue to outstrip supply in 2022 as the economic recovery from the pandemic boosts fuel consumption, while investment in new production is crimped by environmental concerns, the bank said in a report.\n“There is plenty of pent-up oil demand ready to be unleashed,” said Francisco Blanch, the bank’s New York-based head of commodities research. Brent futures traded near $74 a barrel on Monday.\nWhile other market-watchers, from trading house Trafigura Groupto Goldman Sachs Group Inc., have already said that oil could reach $100 again in the right conditions, the prediction from Bank of America is the firmest to date.\nIf crude does return to triple digits, it will be the first time since 2014, before a flood of North American shale oil sent the market into a slump from which it has never fully recovered.\nThe increasingly bullish outlook for oil is adding to pressure on the OPEC+ coalition led by Saudi Arabia and Russia, which meets next week to consider reviving some more of the production it cut during the pandemic.\nWhile Riyadh has signaled it prefers to move cautiously, an ever-tighter world market could compel the alliance to open the taps a little. Prices have been stoked this month as fellow OPEC memberIranfails to clinch an agreement to relieve U.S. sanctions on its petroleum exports.\nCar Travel\nAccording to Bank of America, the immediate prospects for the OPEC+ alliance are bright.\nOil consumption will be bolstered next year as mass transit struggles to keep pace with extra travel demand, prompting passengers to make greater use of private cars.\nEven the ongoing popularity of remote working won’t dent fuel consumption as much as expected, as home-workers use cars during the day to run personal errands, the bank said.\n“Work-from-home means ‘work-from-car’ in many cases,” Blanch said.\nAt the same time, the bank expects that new oil supplies will remain constrained. Shareholders will pressure major companies to invest in renewable energy, or push shale drillers to return cash rather than spend on new drilling.\nStill, expectations for a tight market in 2022 are far from unanimous. A report from the International Energy Agency earlier this month showed that half of the projected increase in demand can be met by recovering output outside OPEC, predominantly from the U.S.\nThat would leave the Organization of Petroleum Exporting Countries and its partners with significant quantities of idle output -- and even more if Iran can strike a nuclear accord with the U.S. by then.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":167243246,"gmtCreate":1624273464285,"gmtModify":1703832110082,"author":{"id":"3581670993895630","authorId":"3581670993895630","name":"OpenSesame88","avatar":"https://static.tigerbbs.com/8acdaa8d911543916dedb8be1f245fd9","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":6,"crmLevelSwitch":1,"idStr":"3581670993895630","authorIdStr":"3581670993895630"},"htmlText":"This is great pls do! Up up up","listText":"This is great pls do! Up up up","text":"This is great pls do! Up up up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167243246","repostId":1141410103,"repostType":4,"repost":{"id":"1141410103","pubTimestamp":1624272923,"share":"https://ttm.financial/m/news/1141410103?lang=&edition=fundamental","pubTime":"2021-06-21 18:55","market":"us","language":"en","title":"Oil May Hit $100 a Barrel Next Year on Demand Rebound, BofA Says","url":"https://stock-news.laohu8.com/highlight/detail?id=1141410103","media":"Bloomberg","summary":"Pent-up desire for travel after lockdown to boost consumption\nEnvironmental concerns will limit inve","content":"<ul>\n <li>Pent-up desire for travel after lockdown to boost consumption</li>\n <li>Environmental concerns will limit investment in new oil supply</li>\n</ul>\n<p>Oil may surge to $100 a barrel next year as travel demand rebounds,Bank of America Corp.&nbsp;said, the strongest call yet among major forecasters for a return to triple digits.</p>\n<p>Global oil consumption will continue to outstrip supply in 2022 as the economic recovery from the pandemic boosts fuel consumption, while investment in new production is crimped by environmental concerns, the bank said in a report.</p>\n<p>“There is plenty of pent-up oil demand ready to be unleashed,” said Francisco Blanch, the bank’s New York-based head of commodities research. Brent futures traded near $74 a barrel on Monday.</p>\n<p>While other market-watchers, from trading house&nbsp;Trafigura Groupto Goldman Sachs Group Inc., have already said that oil could reach $100 again in the right conditions, the prediction from Bank of America is the firmest to date.</p>\n<p>If crude does return to triple digits, it will be the first time since 2014, before a flood of North American shale oil sent the market into a slump from which it has never fully recovered.</p>\n<p>The increasingly bullish outlook for oil is adding to pressure on the OPEC+ coalition led by Saudi Arabia and Russia, which meets next week to consider reviving some more of the production it cut during the pandemic.</p>\n<p>While Riyadh has signaled it prefers to move cautiously, an ever-tighter world market could compel the alliance to open the taps a little. Prices have been stoked this month as fellow OPEC memberIranfails to clinch an agreement to relieve U.S. sanctions on its petroleum exports.</p>\n<p><b>Car Travel</b></p>\n<p>According to Bank of America, the immediate prospects for the OPEC+ alliance are bright.</p>\n<p>Oil consumption will be bolstered next year as mass transit struggles to keep pace with extra travel demand, prompting passengers to make greater use of private cars.</p>\n<p>Even the ongoing popularity of remote working won’t dent fuel consumption as much as expected, as home-workers use cars during the day to run personal errands, the bank said.</p>\n<p>“Work-from-home means ‘work-from-car’ in many cases,” Blanch said.</p>\n<p>At the same time, the bank expects that new oil supplies will remain constrained. Shareholders will pressure major companies to invest in renewable energy, or push shale drillers to return cash rather than spend on new drilling.</p>\n<p>Still, expectations for a tight market in 2022 are far from unanimous. A report from the&nbsp;International Energy Agency&nbsp;earlier this month showed that half of the projected increase in demand can be met by recovering output outside OPEC, predominantly from the U.S.</p>\n<p>That would leave the Organization of Petroleum Exporting Countries and its partners with significant quantities of idle output -- and even more if Iran can strike a nuclear accord with the U.S. by then.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil May Hit $100 a Barrel Next Year on Demand Rebound, BofA Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOil May Hit $100 a Barrel Next Year on Demand Rebound, BofA Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 18:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-21/oil-may-hit-100-a-barrel-next-year-on-demand-rebound-bofa-says?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Pent-up desire for travel after lockdown to boost consumption\nEnvironmental concerns will limit investment in new oil supply\n\nOil may surge to $100 a barrel next year as travel demand rebounds,Bank of...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-21/oil-may-hit-100-a-barrel-next-year-on-demand-rebound-bofa-says?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-21/oil-may-hit-100-a-barrel-next-year-on-demand-rebound-bofa-says?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141410103","content_text":"Pent-up desire for travel after lockdown to boost consumption\nEnvironmental concerns will limit investment in new oil supply\n\nOil may surge to $100 a barrel next year as travel demand rebounds,Bank of America Corp. said, the strongest call yet among major forecasters for a return to triple digits.\nGlobal oil consumption will continue to outstrip supply in 2022 as the economic recovery from the pandemic boosts fuel consumption, while investment in new production is crimped by environmental concerns, the bank said in a report.\n“There is plenty of pent-up oil demand ready to be unleashed,” said Francisco Blanch, the bank’s New York-based head of commodities research. Brent futures traded near $74 a barrel on Monday.\nWhile other market-watchers, from trading house Trafigura Groupto Goldman Sachs Group Inc., have already said that oil could reach $100 again in the right conditions, the prediction from Bank of America is the firmest to date.\nIf crude does return to triple digits, it will be the first time since 2014, before a flood of North American shale oil sent the market into a slump from which it has never fully recovered.\nThe increasingly bullish outlook for oil is adding to pressure on the OPEC+ coalition led by Saudi Arabia and Russia, which meets next week to consider reviving some more of the production it cut during the pandemic.\nWhile Riyadh has signaled it prefers to move cautiously, an ever-tighter world market could compel the alliance to open the taps a little. Prices have been stoked this month as fellow OPEC memberIranfails to clinch an agreement to relieve U.S. sanctions on its petroleum exports.\nCar Travel\nAccording to Bank of America, the immediate prospects for the OPEC+ alliance are bright.\nOil consumption will be bolstered next year as mass transit struggles to keep pace with extra travel demand, prompting passengers to make greater use of private cars.\nEven the ongoing popularity of remote working won’t dent fuel consumption as much as expected, as home-workers use cars during the day to run personal errands, the bank said.\n“Work-from-home means ‘work-from-car’ in many cases,” Blanch said.\nAt the same time, the bank expects that new oil supplies will remain constrained. Shareholders will pressure major companies to invest in renewable energy, or push shale drillers to return cash rather than spend on new drilling.\nStill, expectations for a tight market in 2022 are far from unanimous. A report from the International Energy Agency earlier this month showed that half of the projected increase in demand can be met by recovering output outside OPEC, predominantly from the U.S.\nThat would leave the Organization of Petroleum Exporting Countries and its partners with significant quantities of idle output -- and even more if Iran can strike a nuclear accord with the U.S. by then.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":167249823,"gmtCreate":1624273414662,"gmtModify":1703832109750,"author":{"id":"3581990424228060","authorId":"3581990424228060","name":"Min04","avatar":"https://static.tigerbbs.com/402eaa9eb7c49cce58b4b19a3fa7a191","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3581990424228060","authorIdStr":"3581990424228060"},"htmlText":"No way","listText":"No way","text":"No way","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167249823","repostId":1141410103,"repostType":4,"repost":{"id":"1141410103","pubTimestamp":1624272923,"share":"https://ttm.financial/m/news/1141410103?lang=&edition=fundamental","pubTime":"2021-06-21 18:55","market":"us","language":"en","title":"Oil May Hit $100 a Barrel Next Year on Demand Rebound, BofA Says","url":"https://stock-news.laohu8.com/highlight/detail?id=1141410103","media":"Bloomberg","summary":"Pent-up desire for travel after lockdown to boost consumption\nEnvironmental concerns will limit inve","content":"<ul>\n <li>Pent-up desire for travel after lockdown to boost consumption</li>\n <li>Environmental concerns will limit investment in new oil supply</li>\n</ul>\n<p>Oil may surge to $100 a barrel next year as travel demand rebounds,Bank of America Corp.&nbsp;said, the strongest call yet among major forecasters for a return to triple digits.</p>\n<p>Global oil consumption will continue to outstrip supply in 2022 as the economic recovery from the pandemic boosts fuel consumption, while investment in new production is crimped by environmental concerns, the bank said in a report.</p>\n<p>“There is plenty of pent-up oil demand ready to be unleashed,” said Francisco Blanch, the bank’s New York-based head of commodities research. Brent futures traded near $74 a barrel on Monday.</p>\n<p>While other market-watchers, from trading house&nbsp;Trafigura Groupto Goldman Sachs Group Inc., have already said that oil could reach $100 again in the right conditions, the prediction from Bank of America is the firmest to date.</p>\n<p>If crude does return to triple digits, it will be the first time since 2014, before a flood of North American shale oil sent the market into a slump from which it has never fully recovered.</p>\n<p>The increasingly bullish outlook for oil is adding to pressure on the OPEC+ coalition led by Saudi Arabia and Russia, which meets next week to consider reviving some more of the production it cut during the pandemic.</p>\n<p>While Riyadh has signaled it prefers to move cautiously, an ever-tighter world market could compel the alliance to open the taps a little. Prices have been stoked this month as fellow OPEC memberIranfails to clinch an agreement to relieve U.S. sanctions on its petroleum exports.</p>\n<p><b>Car Travel</b></p>\n<p>According to Bank of America, the immediate prospects for the OPEC+ alliance are bright.</p>\n<p>Oil consumption will be bolstered next year as mass transit struggles to keep pace with extra travel demand, prompting passengers to make greater use of private cars.</p>\n<p>Even the ongoing popularity of remote working won’t dent fuel consumption as much as expected, as home-workers use cars during the day to run personal errands, the bank said.</p>\n<p>“Work-from-home means ‘work-from-car’ in many cases,” Blanch said.</p>\n<p>At the same time, the bank expects that new oil supplies will remain constrained. Shareholders will pressure major companies to invest in renewable energy, or push shale drillers to return cash rather than spend on new drilling.</p>\n<p>Still, expectations for a tight market in 2022 are far from unanimous. A report from the&nbsp;International Energy Agency&nbsp;earlier this month showed that half of the projected increase in demand can be met by recovering output outside OPEC, predominantly from the U.S.</p>\n<p>That would leave the Organization of Petroleum Exporting Countries and its partners with significant quantities of idle output -- and even more if Iran can strike a nuclear accord with the U.S. by then.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil May Hit $100 a Barrel Next Year on Demand Rebound, BofA Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOil May Hit $100 a Barrel Next Year on Demand Rebound, BofA Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 18:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-21/oil-may-hit-100-a-barrel-next-year-on-demand-rebound-bofa-says?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Pent-up desire for travel after lockdown to boost consumption\nEnvironmental concerns will limit investment in new oil supply\n\nOil may surge to $100 a barrel next year as travel demand rebounds,Bank of...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-21/oil-may-hit-100-a-barrel-next-year-on-demand-rebound-bofa-says?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-21/oil-may-hit-100-a-barrel-next-year-on-demand-rebound-bofa-says?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141410103","content_text":"Pent-up desire for travel after lockdown to boost consumption\nEnvironmental concerns will limit investment in new oil supply\n\nOil may surge to $100 a barrel next year as travel demand rebounds,Bank of America Corp. said, the strongest call yet among major forecasters for a return to triple digits.\nGlobal oil consumption will continue to outstrip supply in 2022 as the economic recovery from the pandemic boosts fuel consumption, while investment in new production is crimped by environmental concerns, the bank said in a report.\n“There is plenty of pent-up oil demand ready to be unleashed,” said Francisco Blanch, the bank’s New York-based head of commodities research. Brent futures traded near $74 a barrel on Monday.\nWhile other market-watchers, from trading house Trafigura Groupto Goldman Sachs Group Inc., have already said that oil could reach $100 again in the right conditions, the prediction from Bank of America is the firmest to date.\nIf crude does return to triple digits, it will be the first time since 2014, before a flood of North American shale oil sent the market into a slump from which it has never fully recovered.\nThe increasingly bullish outlook for oil is adding to pressure on the OPEC+ coalition led by Saudi Arabia and Russia, which meets next week to consider reviving some more of the production it cut during the pandemic.\nWhile Riyadh has signaled it prefers to move cautiously, an ever-tighter world market could compel the alliance to open the taps a little. Prices have been stoked this month as fellow OPEC memberIranfails to clinch an agreement to relieve U.S. sanctions on its petroleum exports.\nCar Travel\nAccording to Bank of America, the immediate prospects for the OPEC+ alliance are bright.\nOil consumption will be bolstered next year as mass transit struggles to keep pace with extra travel demand, prompting passengers to make greater use of private cars.\nEven the ongoing popularity of remote working won’t dent fuel consumption as much as expected, as home-workers use cars during the day to run personal errands, the bank said.\n“Work-from-home means ‘work-from-car’ in many cases,” Blanch said.\nAt the same time, the bank expects that new oil supplies will remain constrained. Shareholders will pressure major companies to invest in renewable energy, or push shale drillers to return cash rather than spend on new drilling.\nStill, expectations for a tight market in 2022 are far from unanimous. A report from the International Energy Agency earlier this month showed that half of the projected increase in demand can be met by recovering output outside OPEC, predominantly from the U.S.\nThat would leave the Organization of Petroleum Exporting Countries and its partners with significant quantities of idle output -- and even more if Iran can strike a nuclear accord with the U.S. by then.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":167254724,"gmtCreate":1624273293368,"gmtModify":1703832104994,"author":{"id":"3578535572025884","authorId":"3578535572025884","name":"MemeTrader","avatar":"https://static.tigerbbs.com/cdd6f948b4e50b4e4707503cb7d7917a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3578535572025884","authorIdStr":"3578535572025884"},"htmlText":"Like and comment please. Thanks.&nbsp;","listText":"Like and comment please. Thanks.&nbsp;","text":"Like and comment please. Thanks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/167254724","repostId":1141410103,"repostType":4,"repost":{"id":"1141410103","pubTimestamp":1624272923,"share":"https://ttm.financial/m/news/1141410103?lang=&edition=fundamental","pubTime":"2021-06-21 18:55","market":"us","language":"en","title":"Oil May Hit $100 a Barrel Next Year on Demand Rebound, BofA Says","url":"https://stock-news.laohu8.com/highlight/detail?id=1141410103","media":"Bloomberg","summary":"Pent-up desire for travel after lockdown to boost consumption\nEnvironmental concerns will limit inve","content":"<ul>\n <li>Pent-up desire for travel after lockdown to boost consumption</li>\n <li>Environmental concerns will limit investment in new oil supply</li>\n</ul>\n<p>Oil may surge to $100 a barrel next year as travel demand rebounds,Bank of America Corp.&nbsp;said, the strongest call yet among major forecasters for a return to triple digits.</p>\n<p>Global oil consumption will continue to outstrip supply in 2022 as the economic recovery from the pandemic boosts fuel consumption, while investment in new production is crimped by environmental concerns, the bank said in a report.</p>\n<p>“There is plenty of pent-up oil demand ready to be unleashed,” said Francisco Blanch, the bank’s New York-based head of commodities research. Brent futures traded near $74 a barrel on Monday.</p>\n<p>While other market-watchers, from trading house&nbsp;Trafigura Groupto Goldman Sachs Group Inc., have already said that oil could reach $100 again in the right conditions, the prediction from Bank of America is the firmest to date.</p>\n<p>If crude does return to triple digits, it will be the first time since 2014, before a flood of North American shale oil sent the market into a slump from which it has never fully recovered.</p>\n<p>The increasingly bullish outlook for oil is adding to pressure on the OPEC+ coalition led by Saudi Arabia and Russia, which meets next week to consider reviving some more of the production it cut during the pandemic.</p>\n<p>While Riyadh has signaled it prefers to move cautiously, an ever-tighter world market could compel the alliance to open the taps a little. Prices have been stoked this month as fellow OPEC memberIranfails to clinch an agreement to relieve U.S. sanctions on its petroleum exports.</p>\n<p><b>Car Travel</b></p>\n<p>According to Bank of America, the immediate prospects for the OPEC+ alliance are bright.</p>\n<p>Oil consumption will be bolstered next year as mass transit struggles to keep pace with extra travel demand, prompting passengers to make greater use of private cars.</p>\n<p>Even the ongoing popularity of remote working won’t dent fuel consumption as much as expected, as home-workers use cars during the day to run personal errands, the bank said.</p>\n<p>“Work-from-home means ‘work-from-car’ in many cases,” Blanch said.</p>\n<p>At the same time, the bank expects that new oil supplies will remain constrained. Shareholders will pressure major companies to invest in renewable energy, or push shale drillers to return cash rather than spend on new drilling.</p>\n<p>Still, expectations for a tight market in 2022 are far from unanimous. A report from the&nbsp;International Energy Agency&nbsp;earlier this month showed that half of the projected increase in demand can be met by recovering output outside OPEC, predominantly from the U.S.</p>\n<p>That would leave the Organization of Petroleum Exporting Countries and its partners with significant quantities of idle output -- and even more if Iran can strike a nuclear accord with the U.S. by then.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil May Hit $100 a Barrel Next Year on Demand Rebound, BofA Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOil May Hit $100 a Barrel Next Year on Demand Rebound, BofA Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 18:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-21/oil-may-hit-100-a-barrel-next-year-on-demand-rebound-bofa-says?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Pent-up desire for travel after lockdown to boost consumption\nEnvironmental concerns will limit investment in new oil supply\n\nOil may surge to $100 a barrel next year as travel demand rebounds,Bank of...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-21/oil-may-hit-100-a-barrel-next-year-on-demand-rebound-bofa-says?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-21/oil-may-hit-100-a-barrel-next-year-on-demand-rebound-bofa-says?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141410103","content_text":"Pent-up desire for travel after lockdown to boost consumption\nEnvironmental concerns will limit investment in new oil supply\n\nOil may surge to $100 a barrel next year as travel demand rebounds,Bank of America Corp. said, the strongest call yet among major forecasters for a return to triple digits.\nGlobal oil consumption will continue to outstrip supply in 2022 as the economic recovery from the pandemic boosts fuel consumption, while investment in new production is crimped by environmental concerns, the bank said in a report.\n“There is plenty of pent-up oil demand ready to be unleashed,” said Francisco Blanch, the bank’s New York-based head of commodities research. Brent futures traded near $74 a barrel on Monday.\nWhile other market-watchers, from trading house Trafigura Groupto Goldman Sachs Group Inc., have already said that oil could reach $100 again in the right conditions, the prediction from Bank of America is the firmest to date.\nIf crude does return to triple digits, it will be the first time since 2014, before a flood of North American shale oil sent the market into a slump from which it has never fully recovered.\nThe increasingly bullish outlook for oil is adding to pressure on the OPEC+ coalition led by Saudi Arabia and Russia, which meets next week to consider reviving some more of the production it cut during the pandemic.\nWhile Riyadh has signaled it prefers to move cautiously, an ever-tighter world market could compel the alliance to open the taps a little. Prices have been stoked this month as fellow OPEC memberIranfails to clinch an agreement to relieve U.S. sanctions on its petroleum exports.\nCar Travel\nAccording to Bank of America, the immediate prospects for the OPEC+ alliance are bright.\nOil consumption will be bolstered next year as mass transit struggles to keep pace with extra travel demand, prompting passengers to make greater use of private cars.\nEven the ongoing popularity of remote working won’t dent fuel consumption as much as expected, as home-workers use cars during the day to run personal errands, the bank said.\n“Work-from-home means ‘work-from-car’ in many cases,” Blanch said.\nAt the same time, the bank expects that new oil supplies will remain constrained. Shareholders will pressure major companies to invest in renewable energy, or push shale drillers to return cash rather than spend on new drilling.\nStill, expectations for a tight market in 2022 are far from unanimous. A report from the International Energy Agency earlier this month showed that half of the projected increase in demand can be met by recovering output outside OPEC, predominantly from the U.S.\nThat would leave the Organization of Petroleum Exporting Countries and its partners with significant quantities of idle output -- and even more if Iran can strike a nuclear accord with the U.S. by then.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4932161,"gmtCreate":1624273407554,"gmtModify":1663229604328,"authorId":3582669029984591,"author":{"id":3582669029984591,"idStr":"3582669029984591","authorId":3582669029984591,"name":"HuEr","avatar":"https://static.tigerbbs.com/ec5bde574784bed0d29daeee8cd0e487","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":167254724,"type":1,"supId":0,"prevId":0,"content":"done. like and reply <u>pls</u>","text":"done. like and reply <u>pls</u>","html":"done. like and reply <u>pls</u>"}],"langContent":"EN"},{"id":167252477,"gmtCreate":1624273200899,"gmtModify":1703832101076,"author":{"id":"3570852225641368","authorId":"3570852225641368","name":"Xiang15","avatar":"https://static.tigerbbs.com/256e0a9b35937dcf16d0dca2a61c0c71","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3570852225641368","authorIdStr":"3570852225641368"},"htmlText":"Well...","listText":"Well...","text":"Well...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167252477","repostId":1141410103,"repostType":4,"repost":{"id":"1141410103","pubTimestamp":1624272923,"share":"https://ttm.financial/m/news/1141410103?lang=&edition=fundamental","pubTime":"2021-06-21 18:55","market":"us","language":"en","title":"Oil May Hit $100 a Barrel Next Year on Demand Rebound, BofA Says","url":"https://stock-news.laohu8.com/highlight/detail?id=1141410103","media":"Bloomberg","summary":"Pent-up desire for travel after lockdown to boost consumption\nEnvironmental concerns will limit inve","content":"<ul>\n <li>Pent-up desire for travel after lockdown to boost consumption</li>\n <li>Environmental concerns will limit investment in new oil supply</li>\n</ul>\n<p>Oil may surge to $100 a barrel next year as travel demand rebounds,Bank of America Corp.&nbsp;said, the strongest call yet among major forecasters for a return to triple digits.</p>\n<p>Global oil consumption will continue to outstrip supply in 2022 as the economic recovery from the pandemic boosts fuel consumption, while investment in new production is crimped by environmental concerns, the bank said in a report.</p>\n<p>“There is plenty of pent-up oil demand ready to be unleashed,” said Francisco Blanch, the bank’s New York-based head of commodities research. Brent futures traded near $74 a barrel on Monday.</p>\n<p>While other market-watchers, from trading house&nbsp;Trafigura Groupto Goldman Sachs Group Inc., have already said that oil could reach $100 again in the right conditions, the prediction from Bank of America is the firmest to date.</p>\n<p>If crude does return to triple digits, it will be the first time since 2014, before a flood of North American shale oil sent the market into a slump from which it has never fully recovered.</p>\n<p>The increasingly bullish outlook for oil is adding to pressure on the OPEC+ coalition led by Saudi Arabia and Russia, which meets next week to consider reviving some more of the production it cut during the pandemic.</p>\n<p>While Riyadh has signaled it prefers to move cautiously, an ever-tighter world market could compel the alliance to open the taps a little. Prices have been stoked this month as fellow OPEC memberIranfails to clinch an agreement to relieve U.S. sanctions on its petroleum exports.</p>\n<p><b>Car Travel</b></p>\n<p>According to Bank of America, the immediate prospects for the OPEC+ alliance are bright.</p>\n<p>Oil consumption will be bolstered next year as mass transit struggles to keep pace with extra travel demand, prompting passengers to make greater use of private cars.</p>\n<p>Even the ongoing popularity of remote working won’t dent fuel consumption as much as expected, as home-workers use cars during the day to run personal errands, the bank said.</p>\n<p>“Work-from-home means ‘work-from-car’ in many cases,” Blanch said.</p>\n<p>At the same time, the bank expects that new oil supplies will remain constrained. Shareholders will pressure major companies to invest in renewable energy, or push shale drillers to return cash rather than spend on new drilling.</p>\n<p>Still, expectations for a tight market in 2022 are far from unanimous. A report from the&nbsp;International Energy Agency&nbsp;earlier this month showed that half of the projected increase in demand can be met by recovering output outside OPEC, predominantly from the U.S.</p>\n<p>That would leave the Organization of Petroleum Exporting Countries and its partners with significant quantities of idle output -- and even more if Iran can strike a nuclear accord with the U.S. by then.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil May Hit $100 a Barrel Next Year on Demand Rebound, BofA Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOil May Hit $100 a Barrel Next Year on Demand Rebound, BofA Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 18:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-21/oil-may-hit-100-a-barrel-next-year-on-demand-rebound-bofa-says?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Pent-up desire for travel after lockdown to boost consumption\nEnvironmental concerns will limit investment in new oil supply\n\nOil may surge to $100 a barrel next year as travel demand rebounds,Bank of...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-21/oil-may-hit-100-a-barrel-next-year-on-demand-rebound-bofa-says?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-21/oil-may-hit-100-a-barrel-next-year-on-demand-rebound-bofa-says?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141410103","content_text":"Pent-up desire for travel after lockdown to boost consumption\nEnvironmental concerns will limit investment in new oil supply\n\nOil may surge to $100 a barrel next year as travel demand rebounds,Bank of America Corp. said, the strongest call yet among major forecasters for a return to triple digits.\nGlobal oil consumption will continue to outstrip supply in 2022 as the economic recovery from the pandemic boosts fuel consumption, while investment in new production is crimped by environmental concerns, the bank said in a report.\n“There is plenty of pent-up oil demand ready to be unleashed,” said Francisco Blanch, the bank’s New York-based head of commodities research. Brent futures traded near $74 a barrel on Monday.\nWhile other market-watchers, from trading house Trafigura Groupto Goldman Sachs Group Inc., have already said that oil could reach $100 again in the right conditions, the prediction from Bank of America is the firmest to date.\nIf crude does return to triple digits, it will be the first time since 2014, before a flood of North American shale oil sent the market into a slump from which it has never fully recovered.\nThe increasingly bullish outlook for oil is adding to pressure on the OPEC+ coalition led by Saudi Arabia and Russia, which meets next week to consider reviving some more of the production it cut during the pandemic.\nWhile Riyadh has signaled it prefers to move cautiously, an ever-tighter world market could compel the alliance to open the taps a little. Prices have been stoked this month as fellow OPEC memberIranfails to clinch an agreement to relieve U.S. sanctions on its petroleum exports.\nCar Travel\nAccording to Bank of America, the immediate prospects for the OPEC+ alliance are bright.\nOil consumption will be bolstered next year as mass transit struggles to keep pace with extra travel demand, prompting passengers to make greater use of private cars.\nEven the ongoing popularity of remote working won’t dent fuel consumption as much as expected, as home-workers use cars during the day to run personal errands, the bank said.\n“Work-from-home means ‘work-from-car’ in many cases,” Blanch said.\nAt the same time, the bank expects that new oil supplies will remain constrained. Shareholders will pressure major companies to invest in renewable energy, or push shale drillers to return cash rather than spend on new drilling.\nStill, expectations for a tight market in 2022 are far from unanimous. A report from the International Energy Agency earlier this month showed that half of the projected increase in demand can be met by recovering output outside OPEC, predominantly from the U.S.\nThat would leave the Organization of Petroleum Exporting Countries and its partners with significant quantities of idle output -- and even more if Iran can strike a nuclear accord with the U.S. by then.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":44,"commentSize":16,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}