The world’s oil demand jumped by more than 3 million barrels per day (bpd) in May due to surging oil demand.
Surging Oil Demand Soared to Near-Record Levels in May 2023
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The world’s oil demand jumped by more than 3 million barrels per day (bpd) in May due to surging oil demand.
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“Brent will break $90 this summer and climb back up to $100 sometime in the second half of the year.” He expects WTI to be in the low $90s by the end of the year.