let s start with oil, because at the weekend, the secretary general of the organization of petroleum exporting countries, haitham al ghais, said he expects global oil demand to exceed pre pandemic levels this year. so what does this mean for the oil industry? joining me now is russ mould, investment director at aj bell. does this mean we are going to hit $100 per barrel again in 2023? , ., , hit $100 per barrel again in 2023? ., , ., hit $100 per barrel again in 2023? a, a a, 2023? gosh, that s a tricky question 2023? gosh, that s a tricky question for 2023? gosh, that s a tricky question for this 2023? gosh, that s a tricky question for this time - 2023? gosh, that s a tricky question for this time of i 2023? gosh, that s a tricky | question for this time of day. you can certainly construct a case where you can see oil going back up, perhaps not to the height of last year, but we have china reopening, the davos crowd and the imf seeming less worried about global econo
in a short term squeeze, but the level of storage in europe is not enough to protect or insulate the uk from the price hikes that we saw last year, where you have several months of extremely high prices. so i agreed to some extent that it s good for a few days but it doesn t really allow the uk to protect itself from the global market. , ., , protect itself from the global market. , ., ~ protect itself from the global market. , ., , . ~ , ., protect itself from the global market. , . ~ ., market. james, thank you for “oininu market. james, thank you for joining us- now let s talk about the car industry. auto makers are convening for the chicago auto show and will be hoping that despite the global slowdown, car sales could be on the rise. s&p global mobility expects a 5.6% increase in new vehicle sales globally this year. the chicago auto show is north america s largest and longest running auto fair. and the focus is expected to be on how the auto makers pivot to evs and lead the