After oil’s tumble, where will prices settle?

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Financial Times 12h ago

After oil’s tumble, where will prices settle? - Financial Times

Quick Summary:

But that information is only useful to a certain extent in a market that is still bound to be characterised by volatility that can catch many traders on the wrong side of market moving events, whether it is economic data or geopolitical developments.

Thousands of fossil fuel executives and world leaders are gathering in Houston, Texas, this morning as Gastech, the gas industry’s largest trade fair, kicks off in the US energy capital.

That has reinforced questions about whether it will ever be able to bring back those barrels in the face of muted growth globally and a structural weakening in China’s appetite for oil due to demographic changes and adoption of cleaner energy sources.