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When will petrol prices start coming down? Will they ever come down? Apart from COE, these are the two foremost questions in the mind of motorists. Let us get straight to the point – and get the bad news over with: No. Based on what we know as of today, oil and petrol prices are going to remain high. Expect...
Russia’s invasion of Ukraine and the subsequent sanctions on Moscow are stoking fears of a potential supply shock that could compare with the 1973 Arab Oil Embargo
The global oil market was tight even before the Russian invasion of Ukraine, but Putin’s war and its consequences on Russian crude supply an...
Brent crude hit $99.50 this week as the conflict between the Ukraine and Russia jolted the geopolitical risk premium, but several analysts now believe oil could move lower in the near term
Global oil demand likely to rebound to pre-COVID levels by end-2021: analysts Global oil demand is expected to recover to pre-COVID-19 levels of around 100 million b/d by the end of the year driven by a strong rebound for gasoline, diesel and fuel oil, several analysts said Feb 23. But jet/kerosene, which used to account for around 8% of total global demand, is likely to remain very sluggish, and the aviation fuel will reach pre-crisis levels only in 2022 or even 2023, they added. Speaking at a webinar hosted by Bloomberg, Giovanni Serio, Vitol’s Global Head of Research said oil demand coul...