Business:Investing
Oil market update and the Middle East conflict
2023-10-17
Oil prices are on the rise once again due to recent tragic geopolitical events in the Middle East. Brent Oil prices have now surpassed USD90 per barrel.
Why are oil prices climbing and what’s our short-term forecast? What could be the probable outcomes?
Looking further out, are the secular trends for oil still intact? Will we witness peak oil demand before 2025 and why?
Learn more in this discussion with Julius Baer experts Norbert Ruecker, Head of Economics & Next Generation Research and Pearlyn Wong, Head of Investment Content & Campaigns APAC.
Listen to our previous episode on oil: “Oil market update and the Ukraine Crisis”
Chapters
- (00:40) - Reviewing our call on oil prices
- (01:31) - Where could oil prices head in the near term?
- (03:02) - Scenario analysis of outcomes
- (06:36) - Global demand and supply drivers
- (09:24) - When will we see peak oil demand?
- (12:10) - Wrap up of views
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