Oil prices climb on concerns over tight supplies
Oil prices rose on Tuesday as worries about tight fuel supplies ahead of winter offset investor concerns about falling demand in China, the world’s biggest crude importer.
In 2022, global crude oil prices are expected to fall!
Since the third quarter of 2020, global demand for crude oil and petroleum products has outpaced supply, resulting in lower stock levels and higher crude oil prices. According to the Energy Information Administration’s most recent forecast, Brent crude oil spot prices are expected to remain near current levels through the end of 2021. (EIA). In […]
