S&P Global vice chair says Brent oil prices could rise above $120 when China fully reopens

Forex Live | Dec. 21, 2022

S&P Global vice chairman Dan Yergin spoke with CNBC:

  • “Our base case for 2023 is $90 for Brent but you have to look at other cases”
  • “If China gets over Covid … then you add a lot of demand to the market”, that could be “one big boost” and push prices to $121 a barrel,

On the flipside, Yergin said prices could fall to around $70 per barrel in a recession

(***)

Be the first to comment

Post a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Winter Watch

Discover more from Winter Watch

Subscribe now to keep reading and get access to the full archive.

Continue reading