Oil price rebounds as virus lockdowns are eased

Many analysts calculated at the time that the lockdowns had reduced global demand by about 30 million barrels a day.
While that is good for the global economic recovery, it puts oil producing nations in a quandary. The historic cuts in output agreed in April by the OPEC+ alliance led by Saudi Arabia and Russia “were more severe than required,” Sen said.

https://www.arabnews.com/node/1694556/business-economy