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Al Jazeera reported on its website on December 28 that 2022 is a volatile year for the global oil market, and its impact may extend into next year
.
Oil expert Kamal Harami believes that as the Russian-Ukrainian conflict continues, global oil demand will increase to the limit of 100 million barrels per day, which will lead to the convergence of global crude oil prices and the relative balance
of production between major oil producers.
He also noted that the OPEC+ balance would help the organization maintain stability in oil prices, and that this balance should benefit both oil producers and exporters
.
These countries believe that the appropriate price per barrel of oil is between $80 and $90 and should not fall below this range
.