Oil prices may not have as wide a swing in 2023 as they had in 2022, but the market will still remain volatile and risks price shocks, energy analysts say.
Oil prices may not have as wide a swing in 2023 as they had in 2022, but the market will still remain volatile and risks price shocks as much from economic developments as geopolitical ones, energy analysts say. One of the biggest wild cards for markets in general is the economic reopening of China as it relaxes its "zero-Covid" restrictions. That could drive crude prices higher if demand increases significantly.
Pro's guide to investing in 2023 Energy funds were among the biggest ETF winners in 2022 — but not exclusively The Nasdaq had its worst year since 2008. These are the best and worst performers and what to expect in 2023 Wall Street's biggest investors are all but sure of a recession next year.
, which cut production this year, continues to hold down output or adds more oil to the market if demand picks up. The Organization of the Petroleum Exporting Countries, plus Russia and other partners, next meets in early February. "There are many pressures at work," Citigroup's Morse said. "I actually don't think there's anyone on the planet that knows what they'e going to do in February. They are aware of uncertainties. They are aware of the pressures.
agreed to in October. Even so, prices weakened as investors worried more about soft demand from China and recession in the U.S. than the elimination of barrels from the market. "The Saudis have received the largest revenue they ever received in any year in their history," Morse said. "Yes they have a large appetite to spend, but we think their fiscal break evens, given where we see prices and current production is in the low $60 range.
could add another 500,000 million barrels, with countries like Iraq and Libya increasing exports, he said. Analysts also said they are keeping an eye on Iran, which has been sanctioned for its nuclear program. Anti-government protests have been underway for several months. "They're another source of supply potential ... we'll be watching how these protests pan out," Kilduff said.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Our favorite Guardians games of 2022 and what we’re looking forward to in 2023: PodcastJosh Naylor’s home runs and head butts, Myles Straw’s Spider-Man antics in the Bronx... Guardians reporters Paul Hoynes and Joe Noga look back at their favorite Guardians moments of 2022 and what the 2023 schedule has in store.
Consulte Mais informação »
Understanding Different Diet Fads: What Works and What Doesn’t 2022 / 2023 » Fashion AllureWhat we can agree on, is that some diet trends are healthier and more effective than others. While diets not working may be a natural occurrence, it's important to be cautious of the impact they may have on your body. Today, we'll be looking at the diet fads that work, and those that don't.
Consulte Mais informação »
The historical events of 2022 and how they will impact 2023With the new year just around the corner, we look back on 2022 which was packed with significant events from start to finish.
Consulte Mais informação »
Australia's Lithium Export Earnings Expected To Exceed $16 Billion In 2022–2023Australia’s Lithium Export Earnings Expected To Exceed $16 Billion In 2022–2023
Consulte Mais informação »
Larry Magid: Looking back on 2022 and ahead to 2023This year wasn’t a good year for tech, but it was a momentous one.
Consulte Mais informação »