RE: Interesting article here and yes much to ponder short term3 Oct 2021 15:35
There are other headwinds like inflation in the Eurozone. You have to also realise that central banks need some one to blame here. OPEC will say its not them and they will blame it on food prices etc. The truth is core inflation is increasing with out energy prices.
. Oil producers are part of that, but still OPEC no doubt will see themselves as separate, I guess they would say this is from loose monetary policy. Oil , gas an energy is normally just a shift in relative pricing. But oil is creeping up and will continue to.
I see tapering as just a distortion with central banks buying bonds an such like . Look at the Fed threatening to taper. It really can't go on like this.
Bottom line is, Oil price will just keep rising.
Our Dave won't be complaining