Oil poised to rise
Despite global recession fears, oil prices are poised to be supported as energy investments have been depressed. The tug-of-war between crude demand destruction and a plethora of drivers on why the oil market will remain tight should still suggest prices won’t fall much lower. Oil’s outlook still looks positive here as shale is not taking off, ESG constraints remain, and strong demand for refined product exports.
24-08-2022 14:05 GMT
by Edward Moya
