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IEA forecasts global oil demand to reach 101.6 mb/d in 2023; non-OECD countries lead expansion

Green Car Congress

JUNE 18, 2022

While higher prices and a weaker economic outlook are moderating consumption increases, a resurgent China will drive gains next year, with growth accelerating from 1.8 Assuming Libya rebounds from a steep drop, the bloc’s production could increase 2.6 Since 6 June, WTI and Brent futures have averaged above $120/bbl.

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Oil Global Libya Russia 210
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Oil Prices Running Out Of Reasons To Rally

Green Car Congress

JANUARY 13, 2017

Oil prices faltered at the start of the second week of the year, as fears set in about a rapid rebound in US shale production. The gains in the rig count come even as oil prices have held steady in the mid- to low-$50s per barrel. The pace and magnitude of each trend will ultimately drive oil prices one way or the other.

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Oil Prices Oil Price Saudi Arabia 150
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