Oil price outlook remains gloomy: Rystad

ENERGY consultancy and analytics firm, Rystad Energy, has warned the outlook for oil markets has gone from “gloomy to gloomier.”

Oil price outlook remains gloomy: Rystad Oil price outlook remains gloomy: Rystad Oil price outlook remains gloomy: Rystad Oil price outlook remains gloomy: Rystad Oil price outlook remains gloomy: Rystad

Citing a growing risk of economic recession and a further escalation of the US-China trade war as two key concerns, Rystad said short-term oil demand looks to continue to be weak.

topics

loader
  • FREE coverage on the rapidly developing coronavirus pandemic. Visit our COVID-19 hub.
  • Latest COVID-19 Coverage: Govt's COVID-19 Commission under scrutiny. Read more.
  • Latest COVID-19 Coverage: NT throws cash at oil and gas industry. Read more.