The Only Really Bullish Factor In Oil Markets ...Middle East

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The Only Really Bullish Factor In Oil Markets
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1. Chinese Demand Becomes the Only Really Bullish Factor for Oil- Whilst oil prices were undergoing one of the most spectacular declines in recent months with WTI plunging below the $70 per barrel mark, international organizations have maintained their bullish views on 2023. - The IEA upped its estimate for global oil demand growth in 2023 by another 100,000 b/d to a net 2 million b/d increase year-on-year, taking the total to 102 million b/d. - Poised for a 7.5 million b/d year-on-year growth between Q4 2022 and Q4 2023, jet fuel is bound to lead…

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