‘Limited’ oil and gas capacity could send prices higher in 2023, analyst says

‘Limited’ oil and gas capacity could send prices higher in 2023, analyst says

Oil prices could spike again by the beginning of 2023, says one analyst.

“Domestically, whether it’s oil or it’s gas, these companies have very very limited incremental capacity at this time,” Truist Securities Managing Director of Energy Research Neal Dingmann told Yahoo Finance Live.

U.S natural gas prices rallied on Monday to new 14-year highs over reserve concerns and the energy crisis in Europe. Oil prices declined during the session amid worries of a global slowdown and the prospects of…


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