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After conflicting expectations about oil prices, how do experts read the market prospects in 2023?

Dr Carole Nakhle, CEO of Crystol Energy, is quoted in this article from CNN Business Arabic, commenting on the oil market prospects for 2023.

International Monetary Fund's Oil Price Forecast

According to Dr Nakhle, the International Monetary Fund tends to be conservative in its forecasts for oil prices given the high level of uncertainty still prevailing in the global economy. The Fund’s position is more plausible than the bulls of Wall Street who even predicted oil prices reaching nearly US$ 400 per barrel last year. Today, the same bulls seem to be placing all their bets on China.

Access the article (in Arabic)

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