Oil is up to grow further
UBS raises Brent crude price forecast for year-end by $5/bbl to $95/bbl, and WTI by $6/bbl to $91/bbl.
Oil demand remains solid and is set to breach 103m b/d mark in August for the first time
With OPEC+ crude production close to a two-year low due to Saudi Arabia and Russia’s production curbs, the oil market is tightening up
Despite weak Chinese economic activity, data from tanker trackers suggest that waterborne crude imports in China have been very strong so far in August
With OPEC+ crude production close to a two-year low due to Saudi Arabia and Russia’s production curbs, the oil market is tightening up
Despite weak Chinese economic activity, data from tanker trackers suggest that waterborne crude imports in China have been very strong so far in August
