China’s Return, Price Ceiling Are Two Challenges to Global Energy Market Balance

In the frame, Cornelia Meyer, macro-economist, energy expert and advisor to OPEC. A refueling station in the Chinese city of Chongqing. (Reuters)

Cornelia Meyer, macro-economist, energy expert and advisor to OPEC, said the reopening of China following the zero-Covid-19 policy and the price ceilings imposed on the purchase of energy products from Russia will pose challenges to the balance of the global energy market.

She also expected the demand for gas to grow one percent this year, while the supply to increase to less than one percent.