There is a high risk of oil prices falling because of a small increase in demand and higher OPEC+ production, an executive of shipping firm Maersk told the APPEC conference in Singapore on Tuesday.
"I think there's a high risk to the downside for sure when it comes to kind of overall global balances," said Emma Mazhari, CEO of oil trading for Maersk, pointing to a Sunday announcement from OPEC+ that it would raise production further from October and weak oil demand growth.
Mazhari also told the conference she expects low-carbon bunker fuel supply to increase significantly after 2030.
"I think there's a high risk to the downside for sure when it comes to kind of overall global balances," said Emma Mazhari, CEO of oil trading for Maersk, pointing to a Sunday announcement from OPEC+ that it would raise production further from October and weak oil demand growth.
Mazhari also told the conference she expects low-carbon bunker fuel supply to increase significantly after 2030.
You may also like
'Underlined risks, dangers': MEA on Indians recruited into Russian army; asks nationals to stay away from 'offers'
The beautiful high street named among best in the UK packed with 72 independent shops
'I'm a plant expert and this one will send spiders running'
Bruno Fernandes publicly calling out Alejandro Garnacho and Man Utd slam speaks volumes
Today's horoscope for September 11 as Scorpio focuses on finding balance
