WATCH: Oil gains as Middle East tension provides support
Business Day TV spoke to Charles Kieck, director of research at Afriforesight
19 June 2025 - 14:32
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The oil price has climbed due to the tension in the Middle East, with Goldman Sachs predicting that geopolitical risk could add as much as $10 a barrel to the cost of Brent crude.
Meanwhile, oil cartel Opec has kept its forecast for global oil unchanged for this year and next year, with the market facing increased uncertainty as far as drivers of supply and demand are concerned. Business Day TV spoke to Charles Kieck, director of research at Afriforesight, about what may lie ahead.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
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WATCH: Oil gains as Middle East tension provides support
Business Day TV spoke to Charles Kieck, director of research at Afriforesight
The oil price has climbed due to the tension in the Middle East, with Goldman Sachs predicting that geopolitical risk could add as much as $10 a barrel to the cost of Brent crude.
Meanwhile, oil cartel Opec has kept its forecast for global oil unchanged for this year and next year, with the market facing increased uncertainty as far as drivers of supply and demand are concerned. Business Day TV spoke to Charles Kieck, director of research at Afriforesight, about what may lie ahead.
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