Crude oil prices – have risen 2% overnight, nearing a 10 month high. Concerns over supply disruption seem to be overshawdowed. Even thoughSaudi & Russia have declared output cuts of 1.3 mbpd. Kazakhastan cuts oil output due to maintenance while Libya shuts 4 east export terminals due to storm. OPEC in its monthly report said that it sees strong demand growth in 2023 -2024. Its 2024 demand growth estimated at 2.25 mbpd. Manisha Gupta discusses with energy expert narendra Taneja on where crude prices are headed.
first published: Sep 13, 2023 01:53 pm