The projection is 100,000 bpd higher than last month’s forecast
oil demand
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Oil prices fall to $80 per barrel on ‘surprise build’ in US crude stocks
Brent crude futures dropped 38 cents, or 0.5%, at $80.30 per barrel.
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Global oil demand exceeds IEA expectations despite Omicron surge
The IEA forecast that global fuel consumption will decline considerably during this quarter because of pandemic-related restrictions, but it seems that the actual restrictions are not having such a grave effect on it
Global oil demand has proven to be more resilient to the effects of the Omicron variant’s spread than the International Energy Agency expected, according to its chief, Fatih Birol, who spoke to media at a virtual meeting this week. “Demand dynamics are stronger than many of the market observers had thought, mainly due to the […]