21.01.2022
Market commentary heating oil 21.01.22
The International Energy Agency (IEA) expects global economies to continue recovering in the coming months.
It is anticipated that daily oil consumption will be around 100 million barrels. This would even be above pre-COVID levels; accordingly, oil prices are presenting themselves as stable. The current political hotspots also provide support: Tens of thousands of Russian soldiers have been stationed at the Ukrainian border for weeks, and rockets were recently launched from Yemen towards the United Arab Emirates.