China’s demand for energy, the amount of Russian oil that will be cut from global supply as well as the response of OPEC+ will be key factors which will determine where the oil price trades in 2023

Following Russian President Vladimir Putin’s war in Ukraine, countries have accelerated the diversification of their energy supplies. “One of the key elements is obviously Putin’s War and he can actually adjust that at any time and make life more difficult,” Justin Urquhart Stewart, co-founder of London-based financial services company Regionally, told NE Global by phone.

*Co-founder / Director of Energy & Climate Policy and Security at NE Global Media

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