Oil demand worries and natural gas supply risks

Oil demand worries and natural gas supply risks

From think.ing.com

Oil prices saw a fair amount of volatility in August. In fact, implied volatility in ICE Brent hit a year-to-date high during the month. Several supply risks have arisen, providing a short-term boost to prices. However, this has been short-lived, with demand concerns continuing to weigh on sentiment. Demand concerns are centred around China, where cumulative imports over the first seven months of the year are down 2.1% year-on-year, while apparent domestic consumption has fallen year-on-year for the last four months. Given that China is expected to make up a significant portion of global oil demand growth, weaker ... (full story)

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