VIDEO: Crude markets to remain tight over the summer
Ajay Parmar
05-Jul-2022
LONDON (ICIS)–Senior analyst Ajay Parmar highlights how strong refinery margins and lack of OPEC+ supply capacity will support the oil market over the summer
- Record refined product prices will support oil demand in the near term
- Rising interest and persistently high inflation will soften oil demand growth from Q4 onwards
- Most OPEC+ producers are at or near maximum capacity, leaving few options for supply increases in the coming months
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