Photo courtesy of Energy Infra Post

Oil Prices Have Long Road to Recovery

In early 2020, oil prices plummeted from an average of USD 65 in 2019 to as low as USD 25 per barrel in March. Atradius economists predict that oil prices won’t return to 2019 levels until 2022. As of early June, prices remain around USD 40 per barrel. Both demand…

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Chief Economist -

John Lorié is chief economist at Atradius Credit Insurance and a researcher at the University of Amsterdam. Contact Atradius at

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