Business Energy Prices To Face Uncertainties In 2023
“Despite these higher prices, there has not been a spike in natural gas production in either Canada or the U.S., something Deloitte attributes to uncertainty around future prices,” the consultancy said.
Yet, the re-opening in China could push oil prices as high as $121 per barrel, energy expert and S&P Global vice chairman Daniel Yergin told CNBC at the end of 2022. “Higher quotas support the view of recovering Chinese demand this year and the quicker-than-expected change in Covid policy means that the demand recovery could be more robust than initially expected,” ING strategists Warren Patterson and Ewa Manthey said on Monday.
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