VIDEO: Additional supply and rising COVID-19 cases present bearish view for oil markets in early 2022
Ajay Parmar
06-Dec-2021
LONDON (ICIS)–Senior analyst Ajay Parmar discusses how extra supply from OPEC+, the US and other countries, plus the latest COVID-19 developments will impact oil markets in the new year
- OPEC+ surprise the markets with new supply in January
- Rising COVID-19 rates and the spread of the Omicron variant raise fresh demand concerns
- Expect volatility in early 2022 in the oil markets
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