Oil demand to increase in Q3

[dan_s]

Most of the Wall Street Gang (see UBS oil price forecast posted below) expect demand for oil to exceed supply in Q3. IEA agrees.

Read this: https://oilprice.com/Energy/Crude-Oil/Middle-East-Oil-Prices-Soar-Amid-Chinese-Trading-Frenzy.html

Plus U.S. Oil production has declined back to 12.2 million barrels per day, which is where it was a year ago. < Per EIA

[marc.wolin@yahoo.com]

I hope you are right!

[dan_s]

Read this: https://www.iea.org/reports/oil-market-report-june-2023

The IEA is based in Paris and the Climate Change Wackos that sign their paychecks would prefer that they lower their oil demand forecast.