Despite attempts to develop more environmentally friendly sources of energy, a crisis is approaching in the world. The authors of the Bloomberg agency are convinced that countries will continue to badly need black gold. The reduced supply in the oil market was good news for producers and their investors. However, it has also dealt a severe blow to consumers and hampered efforts by central banks to rein in price increases.Thus, the “thirst for oil” will not only not subside in 2023, but will intensify. According to forecasts by the International Economic Agency, the consumption of black gold will reach record levels, as supply does not keep pace with demand. Oil prices are expected to climb to $100 a barrel by the end of the year. This will help reduce global inventories, said Goldman Sachs head of commodities research Jeff Curry.
