There seems to be two very important developments occurring in the global oil markets. One is the tightening of the oil markets as OPEC+ has prolonged its production cuts. The second is that Russia has called for a ban on diesel exports. Both will have long term consequences. Moreover, I will try to provide a brief overview of the global economy in the light of recent economic indicators.

The global economy is riddled with vulnerabilities and uncertainty. It’s imperative for businesses to brace for diverse economic and geopolitical outcomes.