The increasing spread of the highly contagious “Delta” covid variant in top-consuming countries threatens the fuel demand recovery at a time when WTI and Brent oil prices surge to pre-pandemic levels of $70 per barrel. The unexpected clash between the biggest Arab economies and long-time close allies, Saudi Arabia and the United Arab Emirates within OPEC in July, has raised concerns over the political and energy stability in the oil-rich Middle East.
Read our Head of Investment Research Vrasidas Neofytou detailed analysis on the hot topic in "Economy Today" magazines August's issue*.
*Article available in Greek.
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