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Oil optimism could be derailed by coronavirus risks, Dan Yergin says – CNBC

OPEC has left its 2021 forecast for crude demand growth unchanged, but Dan Yergin warns it’s dependent on the success of the Covid-19 vaccines.

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SINGAPORE Oil producer group OPEC left its 2021 forecast for crude demand growth unchanged on expectations of an economic recovery. But that could change, warns energy expert Dan Yergin.
Yergin, vice-chairman at IHS Markit, told CNBC on Friday that a lot hinges on how effective the coronavirus vaccines are, and whether the number of Covid-19 cases continue to surge.
Hopes of increased oil demand were also lifted on Thursday when U.S. President-elect Joe Biden released a hefty $1.9 trillion Covid-19…

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