- Remaining market uncertainty; after all, COVID-19 has not been brought under control. Vaccination has started, however it remains significantly uneven across countries
- The need of OPEC+ for higher oil prices
Dr Nakhle also addressed the special treatment of Russia and Kazakhstan, saying that the rationale given is that those countries need to meet an increase in domestic demand. However, for long Russia has been over-producing and getting away with it, and it made it clear and public that it wasn’t happy about losing market share for private producers.
“Saudi Arabia’s energy transition: from oil to gas“, Dr Carole Nakhle, Mar 2021
“New Opportunities 2021: Some optimism for oil markets“, Dr Carole Nakhle, Feb 2021
“Peak oil demand and oil industry outlook“, Carole Nakhle, Mar 2021