Oil production cuts by Russia and the Organization of the Petroleum Exporting Countries (OPEC) have helped push Brent crude prices up some 10% over the past month to roughly $93 per barrel. Christyan Malek, JPMorgan’s head of EMEA energy equity research, fears it’s just the beginning of an era of higher prices.
“Put your seatbelts on. It’s going to be a very volatile supercycle,” the energy guru told Bloomberg Friday when discussing what to expect next for the oil market.
