- OPEC releases ‘bullish’ forecast for oil demand to 2023
- Healthy global economic growth, improving geopolitical developments and the containment of COVID-19 in China contribute to a positive projection
- LRDC has leased 37,900 acres of minerals in Montana’s Western Williston Basin
Despite a slowing economy and fears of a recession, the oil and gas industry has rebounded strongly throughout 2021, with oil prices hitting their highest level in six years, according to a recent Deloitte report ( https://ibn.fm/aobNZ); OPEC’s recent bullish forecast for 2023 indicates that the upward trend may continue. This is good news for Laredo Oil (OTC: LRDC), an oil exploration and production company that is about to start drilling in Montana.
“OPEC expects global oil demand to rise in 2023, but at a slower pace than in 2022, the producer group said in its first forecast for next year, citing economic growth still robust and progress in containing COVID-19 in China,” Reuters reported (https://ibn.fm/wqA7A). “In a monthly report released on Tuesday, the…
NOTICE TO INVESTORS: The latest news and updates regarding LRDC can be found in the company newsroom at https://ibn.fm/LRDC
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