The bears see supply running ahead of demand, rising inventories and the Organisation of the Petroleum Exporting Countries and its allies (Opec ) producer group perhaps needing to consider another round of output cuts.The bulls focus on low stockpiles, dwindling spare production capacity amid a dearth of investment, and the prospect of triple-digit prices before 2022 is out.(Opec logo at the HQ)
IF oil producers were hoping for a quiet 2022, they may be disappointed. There are two very different schools of thought emerging on what the oil market is going to look like this year.
The one thing they agree on: It’s not going to be serene.
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