Oil industry elite hits Singapore to debate crude's next twist
newscatcher
2023-09-03 15:37
Oil industry elite hits Singapore to debate crude's next twist
SINGAPORE : Oil's having a rocky year, swung by jitters over China's slowdown, OPEC+ supply cuts, and the fallout from the Federal Reserve's tightening campaign. The tensions wrongfooted many traders as prices sank, then recovered. Now, what comes next is up for debate in Singapore. Producers, hedge funds, analysts and traders will all converge on the Southe-Est Asian city-state for this year's Asia Pacific Petroleum Conference, organized by S&P Global Commodity Insights. The region's biggest industry gathering - which kicks off on Monday (Sept 4) - is a staple of the calendar, offering both a handy litmus test of the market's current mood as well as clues on the outlook.

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