highlights
Sees a supply crunch due to a lack of upstream investment
Signs of a ‘decent chance’ of a recession in 24 months
Sees record diesel prices easing in the coming months
According to Marco Dunand, head of commodities trading group Mercuria, oil prices are likely to trade above the current $120/b level in the coming years as supply-side constraints more than offset the impact of a potential global recession fueled by spiraling inflation equalize
