Oil demand growth is expected to be affected by recession, which will offset supply constraints due to sanctions on Russia.Oil prices are set for small gains in 2023, given low demand growth, a poll of economists and analysts shows.The impact of Western sanctions on Russian oil is expected to be minimal.
US crude is projected to average $84.84 per barrel in 2023, versus the previous month's $87.80 consensus. Brent has fallen more than 15% since early November and was trading around $84 a barrel on Friday as surging Covid-19 cases in China depressed the outlook for oil demand growth in the world's largest crude oil importer.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Can whoever is controlling the interest rates button follow suit pls yerrrrrr...
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Economic trends to watch in 2023 | BusinessThe global economy is facing risks and opportunities in 2023, from rising interest rates to China’s reopening. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »
SA business: 21 burning questions that will be answered in 2023 | Business2023 looks set to be an eventful year in the South African business landscape. Here are some of the biggest developments you can expect. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »
From Brian Molefe to Markus Jooste: The business court cases that will define 2023 | BusinessFrom one of the first major trials of the State Capture era to the highly anticipated court action against ex-Steinhoff boss Markus Jooste, these are the court cases News24_Business will be following in 2023. _Business I really wonder how many more continued holidays MJ has at Heranus? you can expect to hear two words a great deal in 2023 as far as the state capture court cases are concerned - postponed & appeal
Source: News24 - 🏆 4. / 80 Read more »
These 3 climate breakthroughs should give us hope for 2023 and beyond | Business InsiderThese milestones could make 2022 a turning point for the planet, including climate laws, progress in EVs, and agreements to combat plastic pollution.
Source: BISouthAfrica - 🏆 34. / 51 Read more »
INVESTMENT PORTFOLIO: Business Maverick’s amateur stock picks for 2023A team in form - our investments have grown over time, giving us space to explore our options for 2023.
Source: dailymaverick - 🏆 3. / 84 Read more »