Citi's global commodities chief explains his oil price forecast for 2023 as sanctions choke Russia - and breaks down the 'stunning' state of America's oil industry

Dec 17 2022 by Business Insider

 

Citigroup

In an interview with Insider, Citi's Ed Morse said he expects Brent crude to finish 2023 around $76 a barrel.  Next year, energy markets will see both a supply uptick and an easing of global demand, Morse said. He explained how the roles of Russia and the US have shifted on the world stage. 

Global energy flows have endured huge uncertainty and volatility this year, and Ed Morse, Citi's global head of commodities and veteran forecaster, is expecting continued market weakness in...

Continue Reading Citi's global commodities chief explains his oil price forecast for 2023 as sanctions choke Russia - and breaks down the 'stunning' state of America's oil industry