Falling prices indicate the market has not fully realized the potential impact of lost Russian barrels on global supply, according to Rystad Energy. The reprieve of cheaper oil may be short lived. That’s according to Rystad Energy’s senior oil market analyst Louise Dickson, who said falling prices indicate the market has not fully realized the potential impact of lost Russian barrels on global supply. “The oil price correction from $130 per barrel … reflects a number of signals from the market,” Dickson said in a statement sent to Rigzone late Tuesday. “China oil demand risk is real. It is estimated that a severe lockdown in China could put 0.5 million barrels per day of oil consumption at risk, which would be further compounded by fuel shortages due to inflated energy prices,” Dickson added. “Trading is getting increasingly volatile and the dependence on algorithmic trading systems can turn a micro […]