It has been a busy week in oil & gas! I didn’t even have a chance to get the new news out to you before something else rolled in, so here is an end-of-the-week recap.” ~Greg
India
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Oil Markets Will Face ‘Serious Problems’ As Demand From China And India Ramps Up, In The Second Half of 2023
He emphasized that there could be some serious problems in the latter part of the year, which will inevitably lead to a response in prices.
Surging Oil Demand Soared to Near-Record Levels in May 2023
The world’s oil demand jumped by more than 3 million barrels per day (bpd) in May due to surging oil demand.