Russia is unable to increase production. Where will oil supply come from as the pandemic recedes?
21 Minuten
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vor 3 Jahren
As we have discussed in previous videos, I believe the biggest
catalyst for higher oil prices this year is the coming market
realization that OPEC+ will not be able to meet the call for
supply.
As the pandemic recedes and oil demand not only equals but
exceeds pre-pandemic levels it will become apparent that there is
not enough oil to supply the world's demand. This will result in
oil prices above $100/bbl.
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