Oil Markets

A Wild Winter, Calmer Spring

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Oil markets face potential volatility this winter as fuel switching and cold weather pressure product markets. We see possible price spikes into the $90s, before markets settle back from January as seasonal demand eases. Renewed demand growth in mid-2022 could firm prices again, especially if Opec-plus constraints limit incremental supply, according to our forecast.

Topics:
Oil Prices, Oil Demand, Oil Supply, Oil Forecasts, Oil Products, Oil Inventories, Oil Trade, Crude Oil, Oil Futures and Derivatives, Jet Fuel, Opec-Plus Supply
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