1 of 1
Story summary
- Maersk's oil trading chief, Emma Mazhari, warns of declining oil prices due to weak demand and OPEC+ production increases.
- Analysts from Goldman Sachs and S&P Global predict Brent crude may fall to $55 per barrel next year, citing a 1.9 million barrels daily supply overhang.
- S&P Global's Dave Ernsberger highlights risks from ongoing Russian oil flow and halted stock-building, which could further lower prices.
- Current Brent crude prices are approximately $66, indicating market skepticism despite OPEC+'s slower output increase.
