Business · Energy & Commodities · 23 hrs ago
Vontobel commodities head expects oil to stay above $100 this year
Kerstin Hottner expects oil to stay above $100 this year as she sees prices in an escalating phase.
Hottner leads commodities at Swiss investment firm Vontobel.
She also expects diesel prices to remain very high.
Europe faces low gas reserves, which could make winter harder to manage.
Hottner is hoping for a mild winter in Europe to help the region cope with those reserves.
Her outlook points to continued pressure on fuel and energy costs, but no further developments are specified.
Kerstin Hottner, Vontobel’s head of commodities, expects oil to remain above $100 this year.
She says the market is in an escalation phase.
Hottner expects diesel prices to remain very high.
She hopes for a mild European winter to help manage low gas reserves.
- Who
- Kerstin Hottner, Vontobel’s head of commodities.
- What
- She expects oil to stay above $100 this year and diesel prices to remain very high.
- When
- This year; the article was published on November 1, 2026.
- Where
- Europe is mentioned in relation to winter and low gas reserves; the oil market location is not stated.
- Why
- Hottner says the market is in an escalation phase.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Oil price outlook
- Above $100 this year
- Diesel outlook
- Very high prices
- Gas reserves
- Low in Europe
- Article publication
- November 1, 2026
What people are saying
I do not expect oil to fall below $100 this year; we are in an escalation phase