Dubai, UAE -- Asia's appetite for oil is unlikely to falter even if benchmark prices hit $100 per barrel, according to analysts, as China and India continue to feed much of their demand with cheaper, sanctioned options.
Early this month, oil prices rose above $90 per barrel for the first time in 2023 as Saudi Arabia and Russia announced they would extend voluntary production and export cuts until the end of the year. Analysts expect the price of the benchmark Brent crude will remain around the current level for some time.
