Will oil fare better in 2024? – BR Research

From Russia and Ukraine still engaged in war, to Israel’s onslaught in Gaza, from big shipping companies refusing to sail through the Red Sea and from unprecedented production cuts from the Opec Plus alliance – 2023 was quite an eventful year for the international crude oil market. Despite all that, crude oil averaged 10 percent lower in 2023 from a year ago – the first annual drop since…