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To: Winfastorlose who wrote (188901)4/15/2023 12:18:37 AM
From: Winfastorlose4 Recommendations

Recommended By
Mick Mørmøny
roguedolphin
tntpal
toccodolce

  Respond to of 207804
 
A case in point:

Oil demand will hit a new record in 2023, driving up prices as supply declines, IEA says



Andrey Rudakov/Bloomberg

* Global oil demand is expected to hit a new record this year, spelling trouble for crude prices.

* The IEA estimated oil demand could hit 101.9 million barrels per day in 2023.

* That jump is expected to exacerbate oil-supply imbalances, likely sending prices even higher.

Global oil demand is expected to notch a new record this year – and that could spell trouble for crude prices, which are already facing upwards pressure from supply cuts, the International Agency said in a recent report.

The energy watchdog predicted the world's crude oil demand would jump to a record 101.9 million barrels a day in 2023, up by ??2 million barrels a day from last year.

Developing economies could account for 87% of the expected demand growth this year, the IEA said, while China alone could account for at least half as its economy continues to reopen.

Meanwhile, the global supply of oil is still under stress. OPEC+ announced a surprise production cut earlier this month of over 1 million barrels a day. Russia, which is a member of OPEC+, said it would extend its cut of 500,000 barrels a day cut through mid-2023.

"Our oil market balances were already set to tighten in the second half of 2023, with the potential for a substantial supply deficit to emerge. The latest cuts risk exacerbating those strains, pushing both crude and product prices higher. Consumers currently under siege from inflation will suffer even more from higher prices, especially in emerging and developing economies," the IEA said.

Oil prices briefly spiked into the triple-digits last year as Russia's invasion of Ukraine created chaos in markets. Prices have since eased, but the new cuts from OPEC+ would likely more than counteract any non-OPEC+ production increases this year, the IEA said.

West Texas Intermediate crude is up 2.4% year to date, and Brent crude, the international benchmark, is up 1.6%.

markets.businessinsider.com

h/t Julius Wong



To: Winfastorlose who wrote (188901)4/15/2023 12:42:33 AM
From: russet  Read Replies (1) | Respond to of 207804
 
The problem is not what "they" want or say. The problem is the large population in your country (and others) that believes this shit and votes in these idiots. That starts with your's and others education systems, newsmedia and science bullshitters. Clearly these teachers, news idiots and science bullshitters are at best pawns and stupid, and at worst liars, fraudsters, opportunists and criminals. They all need to be replaced.

So come up with a solution to those problems.



To: Winfastorlose who wrote (188901)4/15/2023 2:19:29 AM
From: skipowwder3 Recommendations

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roguedolphin
vixson
Winfastorlose

  Respond to of 207804
 
I think it has more to do with power & control for the control freaks & their one world government. The unelected UN BS story is all countries must work together to be able to control the temp of the earth to with in a half a degree. Not going to work to many people enjoy freedom as well as the control freaks will eat their own.