Why should you never iron a four-leaf clover? You don’t want to press your luck. OIL Oil’s post-pandemic global futureBen Geman, Axios, March 17, 2021 Global oil demand is slated to rise above pre-pandemic levels over the next few years but nonetheless remain lower than it would have been absent COVID-19’s emergence, a new International Energy Agency analysis project. Why it matters: The … read more

The Department of Revenue’s (DOR) spring revenue forecast update was released yesterday and presented this morning in Senate Finance.  You can access the full presentation here.  In a nutshell:   An increase in oil prices and production has led to an adjustment in the state’s forecast that adds $332 million in unrestricted general fund revenue in 2021 and $460 million in … read more

OIL Oil steady near $70 on hopes of recovering demandShadia Nasralla, Reuters, March 11, 2021 Oil hovered near $70 a barrel on Friday, supported by production cuts by major oil producers and optimism about a demand recovery in the second half of the year. Benchmark Brent fell 22 cents, or 0.3%, to $69.41 a barrel by 1444 GMT while U.S. … read more