$AGYP ~ Last month, oil prices saw a 10% drop following news of Omnicron’s spread across the country, causing traders to anticipate another hit to demand. However, OPEC maintained its forecast predicting that world oil demand would grow by 4.15 million bpd in 2022. This forecast report shows the organization’s confidence that energy demand will not be affected by further lockdowns and has helped stabilize oil prices as producers regulate production heading into the new year.

As the US economy recovers post-pandemic, oil supply remains negatively impacted despite increasing demand. This all bodes well for Allied Energy Corp. (OTC: AGYP) – an independent oil producer that could be positioned to take advantage of rising oil prices as well as increasing demand throughout the country. https://alliedengycorp.com/