Thursday, March 10, 2022
2022 Global Crude Oil and Natural Gas Market Outlook
2021 marked an inflection point in global crude markets with surging demand from increased economic activity in the wake of the pandemic. This year, a resurgence in transportation fuel demand, disciplined upstream capital spending, and measured OPEC+ supply increases all contribute to the first sustained bullish outlook for crude prices since the early 2010s.This has been compounded further by the Russian invasion of Ukraine.
Sproule’s annual Global Outlook Report examines the key themes driving the direction of crude and natural gas markets, including the near-term disruption from Russian sanctions. It also considers the evolution of global carbon markets in a post-pandemic world.
