Analyst at Macquarie Group Vikas Dwivedi believes that oil will not reach $100 per barrel in 2023. James Davis, the Head of Upstream Oil at FGE, also projects the price of oil below this level, around $72 per barrel.
Analyst at Macquarie Group Vikas Dwivedi believes that oil will not reach $100 per barrel in 2023. James Davis, the Head of Upstream Oil at FGE, also projects the price of oil below this level, around $72 per barrel.
Qatar's energy minister predicts strong fluctuations in gas markets over the next few years due to high demand and insufficient supply.
U.S. Special Presidential Envoy for Climate John Kerry said that natural gas could play an important role in solving the problem of global warming.
The majority of analysts, in general, are optimistic about the silver rate. However, some suppose that it will increase twice by the end of the new year.
Analysts consider that silver is going to be increasing throughout the current year.
Bank of America analysts believe that not only gold but silver will rise this year. According to forecasts, the price of the precious metal may increase to the level of $25 per ounce.
DoubleLine Capital CEO Jeffrey Gundlach believes that now is a good time to buy and hold gold. Gundlach’s outlook for this asset has become more optimistic, with gold exceeding the level of $1,800 per ounce.
Morgan Stanley put forward a forecast about possible tension in the oil market during the third and fourth quarters of 2023. Such situation will be facilitated by recovery of demand after opening of borders in China.
Standard Chartered analysts suppose that oil prices have a short-term potential for growth now. They will be $5-10 per barrel and increase in the second half-year.
Against the background of U.S. lower inflation, expectations of a less aggressive interest rate hike by the Fed began to rise. Also, there have been signs of sustainable growth in China’s demand for oil. Altogether, these factors had an impact on prices, which gained 4% over the past week.