“Historical Peak in Oil Demand Expected in First Half of Next Year”


According to the US Department of Energy, there will be an unprecedented surge in the demand for oil in the first half of the upcoming year. Despite the economic challenges faced by China, high rates in the US, and a recession in Europe, the growth in demand remains unaffected. Additionally, the oil production of major players like Saudi Arabia and Russia is constrained by the economic alliance of OPEC+.

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