IEA forecasts global oil demand to reach 101.6 mb/d in 2023; non-OECD countries lead expansion
Green Car Congress
JUNE 18, 2022
Preliminary data for May show total OECD stocks building by 6 mb. Despite economic headwinds, steady demand for light sweet crude in a tight physical market is boosting marker grade prices as they are in the same crude quality family. OECD industry stocks also rose, by 42.5 mb/d), helped by government stock releases of nearly 1 mb/d.
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