Putin May Start to Weaponize Oil, Says Yergin: Adipec Update
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Oil could rise to $100 a barrel again on severe Russian supply disruptions, according to the International Energy Forum.
It’s “a tale of two markets,” Joe McMonigle, the IEF’s secretary-general, told Bloomberg TV at the Adipec conference in Abu Dhabi. “The physical markets are very tight. The paper markets are pricing in bad economic news and a bad recession.”