The price of oil is on the way up again. But one analyst does not believe that there is any danger of prices exploding like in the summer of 2022.
In December last year, the oil price rose significantly. And the Danes could see this especially in the diesel and petrol prices.
But there is now no reason to fear that fuel prices will rise to the extreme. This is what Per Hansen, investment economist at Nordnet, tells Ekstra Bladet .
There are a number of things that are driving up the price of oil at the moment. Among other things, several conflicts in the Middle East, where much of the oil usually comes from.
But conversely, there are also conditions that pull in the completely different direction, Per Hansen believes. Among other things, that there is enough oil. In fact, the world market is not short of oil.
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This is mainly due to the fact that the USA has increased oil production, so that it is now the world’s largest producer. The country overtakes both Russia and Saudi Arabia combined.
On the other hand, there are indications that the economy will not have the same speed in 2024 as in 2023. Therefore, the amount of oil that is already on the market will be able to cover the need.
Talking about Saudi Arabia, the country is trying to play on several strings at the moment. But when it comes to cars, it doesn’t always sound good. In fact, it is pretty quiet. Read more about it here .
