Will Rising Middle East Oil Prices Harm Global Demand Recovery? ...Middle East

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Will Rising Middle East Oil Prices Harm Global Demand Recovery?
source : OILPRICE ( Middle East ) () 14
As we continue to kick the prospect of global economic recovery down the road of 2021, caution remains the buzzword of the oil markets. The less changes month-to-month, the more important the role of secondary factors – narratives spun for the benefit of oil producers or refiners, veiled strategies to get the market where the money is for the oil market’s greatest. As we shall see, Middle Eastern OSPs increasingly exhibit the willingness of producers to maximize profits in a global market that grows slower than expected. Corroborating…

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