Mercuria CEO sees higher long-term oil prices despite growing recession risk | Hellenic Shipping News Worldwide
Oil prices could rise above current levels of around $120/b in coming years as supply-side constraints more than offset the impact of a potential global recession triggered by spiraling inflation, according to Mark Dunand, the head of commodity trading group Mercuria. With growing uncertainty over the future of long-term oil demand, producers have been dialing ...
Source: hellenicshippingnews.com