Oil Executives: Prices Don’t Reflect Tight Supply ...Middle East

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Oil Executives: Prices Don’t Reflect Tight Supply
source : OILPRICE ( Middle East ) () 28
Oil and gas executives polled by the Dallas Fed in a survey released Wednesday fear recession and supply shortages, with optimism waning this quarter despite solid business activity. Oil and gas executives told the Dallas Fed that recession remains a key concern amid heightened uncertainty.  “It’s tough to tell where these crosscurrents are headed. On one hand, we don’t know if anyone has noticed, but the two-year to 10-year Treasury yield curve is inverted, implying recession, and China is on lockdown basically every other…

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