Supply uncertainties re-emerge as key driver of prices
For all the recent focus on soft demand dynamics, developments on the supply side have been the main driver of oil prices this week. Heightened uncertainty is driving pessimism among US oil producers, and the price environment will get more challenging from here. Meanwhile, the pick-up in attacks to Russia’s energy infrastructure are arguably the main upside risk to our below-consensus oil price forecasts.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.
