There is a high risk of oil prices falling because of a small increase in demand and higher OPEC+ production, an executive of shipping firm Maersk told the APPEC conference in Singapore on Tuesday.
"I think there's a high risk to the downside for sure when it comes to kind of overall global balances," said Emma Mazhari, CEO of oil trading for Maersk, pointing to a Sunday announcement from OPEC+ that it would raise production further from October and weak oil demand growth.
Mazhari also told the conference she expects low-carbon bunker fuel supply to increase significantly after 2030.
"I think there's a high risk to the downside for sure when it comes to kind of overall global balances," said Emma Mazhari, CEO of oil trading for Maersk, pointing to a Sunday announcement from OPEC+ that it would raise production further from October and weak oil demand growth.
Mazhari also told the conference she expects low-carbon bunker fuel supply to increase significantly after 2030.
You may also like
Gulf markets dip amid rising geopolitical tensions; Saudi Arabia and UAE stocks fall the most
Women travel to Magaluf to get some sun but it's not a tan they come back with
Keir Starmer drops vaccine bombshell and attacks 'dangerous' Reform claims
Pension Adalat takes up 894 long-pending cases for redressal
Nepal unrest: Who is Sushila Karki? First female chief justice and now frontrunner to lead interim govt
