Consumer Discretionary

Oil Market Review

Pages: 3

Cost in soms, according to the exchange rate at the time of the report publication: 18 000с

The global oil market in 2022 experienced significant volatility. At the beginning, amid expectations of restrictions on oil supplies from Russia quotations reached $130 per barrel, and by the end of the year the fear of a global recession led to a drop in prices below $80 per barrel. The main factor determining the market behavior was the expectation of sanctions against Russia in 2022, while real restrictions on Russian energy were insignificant for such changes in the market. World oil exporters tried to establish balance in the market during 2022. In late 2021 and early 2022 there was a shortage of oil supply amid underestimation of the rate of demand recovery after the pandemic and problems with energy logistics.

$200 / 18 000с


Open chat
Need help?
Scan the code
Hello 👋
Can we help you?

Mark Silaev
Glosema Account Manager