Oil, gas and mining

Oil price remains high now, but expect sharp decline later



An ongoing crisis and a decision by oil producers to refrain from meeting supply targets will keep prices of crude oil above US$100 per barrel for the rest of the year.

Read More: https://www.freemalaysiatoday.com/category/highlight/2022/07/05/oil-price-remains-high-now-but-expect-sharp-decline-later/

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#FMTNews #OilPrice #SharpDecline

8 Comments

  1. No. The oil prices will continue to remain high as long as there''s demand. Without Iran or Venezuelan oil entering the market, no other country can replace Russian oil.

  2. LP reacted d ryt way, she is vom.monster need of over drama, or over consider ations. She don't deserve *considerationsq. Lp പറഞ്ഞ പോലെ,, ജീവിതം തുടങ്ങിയല്ലേ ഉള്ളു, പഠിക്കട്ടെ.

  3. oil producers knew their days r numbered n in less than 20 years oil will lose its demand when vehicles n air planes ,etc.. switched to electric….oil will be worthless…so they grab whatever they can now…2022 oil can breached $ 166.00 per barrel.

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