Скачать или смотреть Oil markets & the economy post-COVID

At the 2023 ADI Forum, Uday Turaga, CEO, ADI Analytics, provided an outlook on the state of oil markets, detailing U.S. production growth in 2022 which hadn't yet reached pre-COVID levels, but he expressed optimism. U.S. oil production was growing, driven by the Permian Basin and other shale plays, expected to hit nearly 12 million barrels/day in 2022.

Globally, Russian supply was anticipated to drop due to sanctions, but OPEC and non-OPEC production increases should offset this. Oil demand was projected to stay strong, keeping prices high as OPEC aimed to maximize revenue. While U.S. shale remained competitive with low break-even costs, oil prices faced upside risks from China's reopening and downside risks from recession or stabilized European gas markets. Even small shifts in supply/demand could significantly impact prices.

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