According to Dr Nakhle, oil prices remain at multi-year highs, and volatility is expected to continue along with what we are seeing in other markets.
The risk of a big economic recession has increased, and if it occurs, oil demand growth will be significantly impacted, putting further downward pressure on prices.
“Energy Sanctions and the Global Economy: Mandated vs Unilateral Sanctions“, Christof Rühl, May 2022
“Sanctions and the Economic Consequences of Higher Oil Prices“, Christof Rühl, Apr 2022
“Energy Markets and the Design of Sanctions on Russia“, Christof Rühl, Mar 2022
“OPEC, Oil Prices, and the US: Reasons for, and Solutions to, the Current Crisis“, Dr Carole Nakhle, Jun 2022
“Global oil markets and OPEC+ plans“, Dr Carole Nakhle, Jun 2022