Maersk Executive Sees Risk of Lower Oil Prices From OPEC+ Hike ...Middle East

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Maersk Executive Sees Risk of Lower Oil Prices From OPEC+ Hike
source : OILPRICE ( Middle East ) () 120
A senior executive from shipping major Maersk has joined the chorus of bearish oil price predictions following OPEC+’s decision last Sunday to extend their production hikes for another month. “I think there's a high risk to the downside for sure when it comes to kind of overall global balances,” Emma Mazhari, chief executive of oil trading at the Danish company. She added that oil demand was growing weakly, which would contribute to the imbalance with supply. Mazhari made her prediction at the Asia Pacific Petroleum Conference,…

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