Morningstar analysts expect a tight market and high oil prices to persist in the short run as the Ukraine war continues, but 2024 could see a shift...

Morningstar oil analysts look at what history tells us about the likely effects of a Russian invasion of Ukraine on crude prices.

We've raised our global consumption forecast for 2022, but our 2023 outlook is unchanged.\n 

Morningstar analysts predict higher prices into 2022 as OPEC and US shale producers hold off increasing supply.

Investments in renewable power generation are most impactful for reducing full-cycle emissions, followed by increasing natural gas production.