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


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