5min chapter

Mining Stock Education cover image

"Sub-$100/barrel Oil Never Again" Explains Oil Analyst Shubham Garg

Mining Stock Education

CHAPTER

Oil Price Per Barrel in 2023 - What's Your Take?

"I think we're going to go, you know, this cycle from an oil price perspective," he says. "This cycle is going to be very similar to the 2000 to 2007 sort of cycle." The world has used up a lot of their band aids and 'spare bullets' as it pertains to China's crude stockpiled in 2022. He thinks there are problems brewing underneath the surface when you look at the data on energy prices.

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