News Room


Earlier in the week an analyst at JP Morgan said that:

  • “investors should probably not worry too much about the recent spike in oil.”

Adding that pressure on the demand and supply side is easing:

  • long-term investment into energy transition will dampen demand
  • the US increasing domestic oil supply is continuing to ramp higher

Which all sounds a bit overly optimistic to me, especially in the near term.

The latest update from the bank on the higher price blames “clearly a supply shock” (ie the OPEC/Russia output cuts extensions)

  • Combined, the OPEC+ alliance is holding back more than 4 mbd from the market, which is the highest level of cuts outside of recessions over the last two decades.


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *