Oil demand....and price!16 Jun 2022 07:39
From today's DT:
OIL producers will be forced to tap into “dwindling” spare capacity as supply runs short, the world’s leading energy authority has warned, leaving countries perilously exposed to potential shocks.
Supplies may “struggle to keep pace with demand” next year as China emerges from the pandemic and sanctions on Russia grow, the International Energy Agency (IEA) said.
The United States and other producers outside of the Opec+ coalition are expected to help, but Opec+ members – who include Saudi Arabia – will also need to do more, it indicated.