Oil Markets

Delta Turbulence Shakes Markets

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
ss1658501806-trading-virus
348

Oil markets are jittery as the Delta variant and Covid-19 vaccination gaps pose downside risks to demand. But we see the recovery being delayed, not derailed, with ongoing support for $70-plus prices. An uneven, volatile recovery will complicate Opec-plus' market management efforts — likely requiring continued group flexibility through 2022.

Topics:
Oil Demand, Opec-Plus Supply , Opec/Opec-Plus
Wanda Ad #2 (article footer)
#
Hopes of growth in oil demand, lean heavily on China, but that country's economic recovery has been spotty and faces internal and external risks.
Wed, Jun 7, 2023