In my view, as long as the Russia-Ukraine conflict persists and there are no clear signs of a de-escalation, then the price of oil will remainhigh. Noted on the recession fears that could drive down oil price but consumers are still spending, passengers are still flying and the covid situation looks better as China starts to open up.
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- MortimerDodd·2022-06-27What a good post, I learned a lot.1Report
- Discoverable·2022-06-27Plus one1Report
- JC888·2022-06-27Assuming war ends soon do u think sanctions against Russian oil will be removed? No! If so, then in short term (1, 2 years) oil price will not fall. There is only so much oil China n India can absorb.LikeReport
- CoolFox·2022-07-02With or without sanctions (which everybody saw how (in)effective they are…. sarcastic mode), the price of oil and gaz will remain high…. for Russia’s unfriendly countries.LikeReport
- lauracky·2022-06-26okLikeReport