Rystad Energy Expects Strong Demand to Drive Oil Prices Higher ...Middle East

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Rystad Energy Expects Strong Demand to Drive Oil Prices Higher
Global oil demand remains pretty solid and could surprise to the upside this year, tightening market balances and potentially leading to higher prices, Claudio Galimberti, head of global oil macro research at Rystad Energy, told Bloomberg in an interview this week.   So far into 2024, oil prices have remained stuck in a narrow trading range of around $75 to $80 per barrel Brent. That’s mostly because market players perceive global oil demand is currently weak. However, demand continues to grow steadily, which would lead to a tight…

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