PETALING JAYA: Any further upside to the price premium of crude oil prices fuelled by the Iran-Israel conflict is constrained by ample spare capacity among Organisation of the Petroleum Exporting Countries and its members (Opec) members as well as non-Opec suppliers, TA Research states in its oil and gas (O&G) sector report.
It said global demand for energy also remains weaker due to slower economic activity and the increased use of electric vehicles.
