OPEC+ must confront the fallout from the new COVID-19 variant and a US-led attempt to lower prices by releasing oil stocks.
S&P Global Platts Analytics sees the omicron variant potentially tempering oil demand growth to as low as 2.9 million b/d in 2022.
The producer alliance’s supply strategy for 2022 must navigate the impact of a sharp fall in Dated Brent from its mid-$80s peak.
Did you subscribe to our daily Newsletter?
It’s Free! Click here to Subscribe
Source: Platts
