Crude oil prices to remain in nervous 90s for now
Q1: How do you see the Ukraine crisis impacting the world oil markets in the short-to-medium term?
Ans:
>Expect a lot of twists in the Russia – Ukraine story
>Oil demand to hit 4.3 million barrels per day (bpd) in 2022 amid tight supplies
>Global shale production still limited
>Geopolitical disruptions more pronounced now
>Current prices are at $20 a barrel premium to where they should be Q2: Oil prices have slipped from around $97 a barrel to around $94 now. Will the relief by short-lived?
