Reported 8 months ago
Crude oil prices are rising as China reports declining demand and oil refinery outputs, with Energy Aspects Oil Analyst Christopher Haines noting China's transition to a more consumer-based economy. Haines discusses potential summer catalysts that could influence oil price patterns and President Biden's plan to reopen US oil reserves if prices soar. The article provides expert insights on oil prices and the broader energy sector, mentioning relevant topics like Noble's M&A strategy, energy sector deals, the energy transition 'trilemma,' and forecasts by Goldman Sachs on oil reaching $86 per barrel.
Source: YAHOO