Crude prices rose above $90/bbl for the first time this year last week,  after Saudi Arabia and Russia announced they will extend voluntary oil production cuts until the end of the year. Worries of tight supply could continue to drive oil prices higher, with some market participants even suggesting $100/bbl crude by the end of 2023. 

In this podcast, ICIS crude oil experts outline three things which could intensify an oil supply deficit in Q4.