Why Oil Is Nudging US$100/bbl…
Why Oil Is Nudging US$100/bbl…
Brent is trading near an eight-year peak, putting oil once again front and centre for investors, consumers and the global economy. Where does the oil market go from here? I asked Ann-Louise Hittle, Vice President, Macro Oils.
What’s driven prices so high so fast? There’s a lot going on, which we’d boil down to three main factors. First, a second successive year of extraordinary demand growth is putting massive pressure on infrastructure and global logistics. Shifting crude from well-head to pump is proving problematic.
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