Azerbaijan's SOCAR Trading predicts tense global oil market due to conflicts, geopolitical pressure, and logistical disruptions.
Azerbaijan's SOCAR Trading predicts that the global oil market will remain tense due to world conflicts, geopolitical pressure, and logistical disruptions. Acting Chief Trading Officer, Taghi Taghi-Zada, noted that geopolitical risks strongly influence global oil prices and supplies, and acknowledged OPEC's successful management of oil prices in recent years, suggesting they may continue to maintain an average price of $90 per barrel.
April 12, 2024
4 Articles