The China headlines recently have been a main catalyst for the drop in oil prices, as protests and lockdowns point towards unrest and further demand destruction. The rumours of OPEC+ wanting to increase output in the past week also isn’t helping, even if Saudi officials have denied that.
As much as the latest OPEC+ output cut and global reopening should spur prices, we haven’t really seen that sort of spike after things have somewhat calmed down in the Russia-Ukraine conflict.
Obviously, China is a key driver of demand conditions as well but considering how they are adamant in sticking with their zero-Covid policy for now, that’s a major blow for hope and risk optimism to start the new week.
This Post Has 5 Comments
Wow, amazing weblog structure! How lengthy have you been running a blog for?
you make blogging glance easy. The overall look of your site is magnificent,
let alone the content material! You can see similar here e-commerce
Your article helped me a lot, is there any more related content? Thanks! https://www.binance.com/pt-PT/register?ref=S5H7X3LP
Your article helped me a lot, is there any more related content? Thanks! https://www.binance.info/sv/join?ref=FIHEGIZ8
I don’t think the title of your enticle matches the content lol. Just kidding, mainly because I had some doubts after reading the enticle. https://www.binance.com/en/register?ref=P9L9FQKY
I have read your article carefully and I agree with you very much. This has provided a great help for my thesis writing, and I will seriously improve it. However, I don’t know much about a certain place. Can you help me? https://www.gate.io/zh-tw/signup/XwNAU