Oil markets will face ‘serious problems’ as demand from China and India ramps up, IEF secretary general says

Written by

Oil prices are set to rise in the second half of the year, as supply struggles to meet demand, according to an International Energy Forum official.
Joseph McMonigle, secretary general of the International Energy Forum, attributes the push in oil prices to an increasing demand from China and India – two of the biggest oil consumers right after the U.S.
McMonigle also spoke to CNBC about the liquified natural gas market, crediting the stability in Europe’s energy market to a warmer than expected winter in 2022.

Comments