Global vaccination campaigns and the resumption of international air traffic will support oil prices within $55-$60/b in the near term, but OPEC will be closely watching for clearer signals from new US President Joe Biden on whether he will ease sanctions on Iran and Venezuela, Algerian Energy Minister Abdelmadjid Attar said Jan. 21. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Any sanctions relief could unleash crude volumes that would complicate the producer bloc’s efforts to rebalance the market amid a still fragile global recovery from the coronavirus pandemic. “Right now, that’s the big unknown,” Attar said in an interview with Russian news agency Sputnik, adding that the next few weeks will be “decisive” for the […]