Energy prices will likely be volatile in the first quarter of 2023 as geopolitical uncertainty continues, Deloitte said.
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Botterill said in the first quarter of 2023, China’s reopening will continue to be a key focus as many questions remain unanswered about how the shift will affect global demand and whether it could cause a supply-and-demand crunch.Article content Global demand for North American oil and natural gas will likely elevate prices and benefit Canadian energy companies, Botterill said.
Meanwhile, for natural gas he said the big question will be how much will be exported from the U.S. and therefore how much Canadian product the U.S. needs to fulfil domestic demand.
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