『Episode 1365: Think Tank: Oil market turmoil could see prices tumble to $40-$45/barrel』のカバーアート

Episode 1365: Think Tank: Oil market turmoil could see prices tumble to $40-$45/barrel

Episode 1365: Think Tank: Oil market turmoil could see prices tumble to $40-$45/barrel

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Slowing demand growth and a battle for market share between Saudi Arabia and the US could see crude oil prices drop significantly by the end of the year.

- High oil prices stimulate more production, low prices less

- Saudi Arabia and the US battle for market share

- Global demand for oil is around 100 million barrels/day

- Electric vehicles (EVs) have destroyed 2 million barrel/day of oil demand

- Globally around 20% of vehicle sales are EVs

- Oil prices could fall to $40-$45/barrel by the end of the year

- Oil demand growth weakest in 16 years

- Low oil price is double-edged sword for chemical markets

In this ICIS Think Tank podcast, Will Beacham interviews ICIS Insight Editor Tom Brown and Paul Hodges, chairman of New Normal Consulting.

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