Oil prices could rise to more than $150 a barrel if the conflict in the Middle East escalates, according to the World Bank.
A drawn-out war in the region could drive big rises in energy and food prices, just a year after prices spiked due to the Russian invasion of Ukraine.
For now oil prices remain steady at around $90 a barrel and are predicted to fall.
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Sep 2022
Martijn Rats: Will Oil Prices Continue to Fall?
<p>While the global oil market has seen a decrease in demand, supply issues are still prevalent, leaving investors to question where oil prices are headed next.</p><p><br></p><p>----- Transcript -----</p><p><br></p><p>Welcome to Thoughts on the Market. I'm Martijn Rats, Morgan St ... Show More
3m 47s
Jan 2023
Martijn Rats: The 2023 Global Oil Outlook
<p>With an eventful year for the oil market behind us, what are the factors that might influence the supply, demand, and ultimately the pricing of oil and gas in 2023?</p><p><br></p><p>----- Transcript -----</p><p><br></p><p>Welcome to Thoughts on the Market. I'm Martijn Rats, Mo ... Show More
4m 23s
Dec 2022
EU considers price cap on Russian oil
European Union countries are nearing a deal to cap the price of Russian crude oil at $60 per barrel,
But how much will the move, which builds upon a G7 initiative to further weaken the Kremlin's ability to wage war on Ukraine, hurt Moscow?
Also in the programme: Two weeks into a ... Show More
47m 51s