The International Energy Agency (IEA) is of the opinion that the latest oil spike may be the so-called "last impulse" after the price goes down. Behind these allegations are concerns that the upward trend in the raw material may harm global growth.
Rising oil prices have also raised the question of the strength of demand, and the response is in stark contrast to rising prices. If, until two years ago, electric cars were the taboo theme for much of the world, today the restructuring not only for the automotive sector, but even of the shipping and aviation industry are the agenda. Only until 2020. the shipping industry using mainly diesel will have to reduce its emissions by 30%. To illustrate the size of this, I will only say that the entire shipping industry is emitting emissions as much as Germany and Canada put together ... In short, demand will not rise.
The risks to oil remain a rise in the US dollar, as well as temporary conflicts in the Middle East.
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