A gas pump showing low fuel prices in Texas. Oil prices may not stay low for much longer. Photo: EPA-EFE A gas pump showing low fuel prices in Texas. Oil prices may not stay low for much longer. Photo: EPA-EFE
A gas pump showing low fuel prices in Texas. Oil prices may not stay low for much longer. Photo: EPA-EFE
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

Covid-19 and climate worries may not keep oil prices down for long

  • China’s economy is firing up, supporting demand for industrial metals and oil. Once the rest of the world follows China into economic recovery, high demand and short supply might mean higher oil prices

Neal Kimberley
Neal Kimberley

Updated: 1:20am, 9 Dec, 2020

Why you can trust SCMP
A gas pump showing low fuel prices in Texas. Oil prices may not stay low for much longer. Photo: EPA-EFE A gas pump showing low fuel prices in Texas. Oil prices may not stay low for much longer. Photo: EPA-EFE
A gas pump showing low fuel prices in Texas. Oil prices may not stay low for much longer. Photo: EPA-EFE
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Neal Kimberley

Neal Kimberley

UK-based Neal Kimberley has been active in the financial markets since 1985. Having worked in sales and trading in the dealing rooms of major banks in London for many years, he moved to ThomsonReuters in 2009 to provide market analysis. He has been contributing to the Post since 2015 and writes about macroeconomics from a market perspective, with a particular emphasis on currencies and interest rates.