.. Huge Supply Glut To Keep Oil Under Pressure: Vandana Hari
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29 Apr 2020

Summary

  • Oil prices have been continuously under pressure over the past couple of days. As we see economies reopening, there is still concern of weak demand. All the oil storage facilities are filling up fast. Given these circumstances, where do you see oil prices headed? Do you expect this kind of pressure to continue over the next one to two quarters?

  • Indeed, the reopening of the economies is quite scattered. It is extremely small in measure and, of course, it is happening under the looming fear of a second wave, as it were, of infections. Of course, we have been discussing earlier about how the stock markets globally have been cheering this reopening. But it is not ......

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