The oil market has come to life, with prices finally delivering on our expectations for 2023. With Brent moving above US$90/bbl earlier this month, the highest for a decade outside the immediate aftermath of Russia’s invasion of Ukraine last year, I asked our oil experts, Ann-Louise Hittle and Alan Gelder, where the market goes from here. Why did it take so long for prices to hit US$90? We predicted Brent would be US$90/bbl by mid-year. But demand growth took longer to come through with the global economy weakening, and concerns about the pace of China’s recovery. Despite adjusting our demand forecasts down, 2023 ... (full story)