The oil market will move towards balance in 2022

The market will remain tight, but supply increases and moderating demand should see a more balanced oil market emerge

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In this article

  • Fragile recovery
  • US production restraint
  • Iran sanctions
  • OPEC+ winds down
  • 2022
  • COVID-19 continues
  • Climate change concern
  • Oil demand uncertainty

What is this?

This article is from the Oxford Analytica Daily Brief, which analyses geopolitical, economic, social, business and industrial developments on a global and regional basis, providing clients with timely, authoritative analysis every business day of the year. Find out more about the Oxford Analytica Daily Brief, or request a trial.