Concern about crude oil supply began to show around the time some central bank policy observers started warning against taking inflation trends lightly, as something transitory. Since then, both the oil supply situation and the inflation situation have deteriorated fast. Forecasts that Brent crude will reach and top $100 this year now sound a lot more plausible than they did in November.
The supply issue is in the focus of attention as most OPEC+ members appear to be struggling to reach their assigned production quotas. Yet geopolitical tensions…Inflation Could Push Oil Supply Into The Danger Zone
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