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Oil demand will grow steadily in the 2020s and peak in the late 2030s, according to Rystad Energy's current long-term outlook.
After starting the week losing more than 2 percent of their value, the West Texas Intermediate (WTI) and Brent crude oil futures contracts regained momentum Tuesday.
West Texas Intermediate (WTI) crude oil for February delivery settled at $52.31 per gallon Wednesday, reflecting a 20-cent gain. The WTI traded within a range from $51.26 to $52.52.
Texas Alliance of Energy Producers
Texas Oil & Gas Association
National Federation of Independent Business