“The situation is tense in all respects.
The main problem is that there is a lot of uncertainty in the energy markets,” the expert said.
According to him, this is influenced by sanctions against Russia, as well as the situation with the pandemic.
“It is still possible to predict what the balance (of supply and demand in the oil market. -
RT
) will be this winter in terms of oil, but any political conclusions in the form of sanctions can undermine this situation.
As for gas, the situation is more complicated,” Pikin said.
The specialist also added that oil markets are more protected, while there is a shortage of liquefied gas in the world.
“Therefore, we see a constant rise in prices to incredible heights,” the analyst said.
Earlier, the OPEC Secretary General announced the possibility of an energy crisis.
At the same time, he noted that he would not talk about the onset of a "major global recession."