Oil Markets

Delta Turbulence Shakes Markets

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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.

Oil Demand, Opec-Plus Supply , Opec/Opec-Plus
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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