Analysts don’t see a significant increase in oil prices based on supply/demand fundamentals in 2024, stating that crude markets see a small surplus in Q1
U.S. crude, WTI, is now more expensive for Asian refiners compared to the crude grades from the Middle Eastern producers as tanker rates have surged in recent weeks
China has added an estimated 60 nuclear weapons to its stockpile between January 2022 and 2023, with SIPRI predicting continued growth in the next decade, despite Russia and the United States still holding the majority of global nuclear warheads.