Global oil markets are starting 2022 with a number of factors that could make for another volatile year.
OPEC is continuing its monthly supply increases but taking a cautious approach so far given uncertain demand. A return of Iran barrels is not a sure thing as the nuclear talks stretch into a second year.
The US tapped the Strategic Petroleum Reserve in a big way at the end of last year, but that did little to soften prices.
Russia-Ukraine tensions are at the forefront geopolitically, and they have the potential to exacerbate European and global energy prices.
We asked several oil market experts to weigh in on the same question: Will OPEC allow oil prices to reach $100/b in 2022?
Listen to the discussion at S&P Global Platts
