CNBC Dan Yergin expects oil at $90 in 2023 but says there’s a chance it could go as high as $121 when China fully reopens, but warned there are three major uncertainties looming over the market. “Our base case for 2023 is $90 for Brent but you have to look at other cases,” the S&P Global vice chairman said,
CNBC Asia will become the default market for Russian oil as the country tries to find buyers for its energy exports, said Dan Yergin, vice chairman of S&P Global. Major oil importers in Asia like China and India have been pressured by oil prices which have soared since Russia invaded Ukraine in late February. Besides the appeal of cheaper Russian
CNBC U.S. oil production is back and set to increase in 2022 after more than a year of OPEC and its allies “running the show,” according to Daniel Yergin, vice chairman of IHS Markit. Output could rise by as much as 900,000 barrels per day, he told CNBC’s “Squawk Box Asia” on Wednesday. U.S. oil firms slashed production in 2020 as the
CNBC Demand and supply pressures will offset each other in the oil market, and it’s reasonable to expect prices to remain in its current range in one year’s time as countries recover from the coronavirus crisis, said oil expert Dan Yergin. “If we really do have the rest of the world recover, I think it’s reasonable to think that oil
CNBC The U.S. could remain the world’s largest oil producer in five years, no matter who wins the election, and oil demand should come back strong after Covid-19. Dan Yergin, vice chairman of IHS Markit, explores these and other topics in a discussion with CNBC. Yergin, a Pulitzer Prize-winning author recently released a new book on the world of energy: “The
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