Andy Critchlow, EMEA head of news at S&P Global Commodity Insights, discusses the recent fluctuations in global oil prices due to the ongoing tensions in the Middle East.
Dangerous times for the oil market, oil analyst says
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Oil reserves in the US can provide opportunities for investors to benefit from the performance of the oil industry and potentially earn profits as the country’s oil reserves play a significant role in the economy and global energy markets. However, it’s crucial to thoroughly research and understand the risks associated with investing in this sector, such as volatility in oil prices, geopolitical factors, and regulatory changes.
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All these analyst who talk are paid to pump up the oil price. There is plenty of oil around the world in a golbally slowing economy in all continents. Currently there are 5 million extra barrels of oil daily in the market.
Manipulation.
China installed 350 GW of wind and solar power. That is 120 nuclear power reactors. China is the both the MARGINAL and LARGEST CONSUMER of oil. Oil is being disrupted and even nuclear might be disrupted.