Oil: latest developments
27 juin 2023
Like for most commodities, the price of Brent crude has tended to decline since the summer of 2022. Demand for oil is generally higher than was expected at the beginning of year (1.6mbbl in 2023) because China, India and the Middle East compensated for downward pressure in the rich world. Meanwhile, global supply is projected to increase by about 2.2mbbl/day this year, primarily in the US...