Snapshot of global oil supply and demand: June 2023
July 19, 2023Brent crude oil prices decreased by USD0.6/bbl m-o-m to USD74.8/bbl in June despite demand outstripping supply by 0.7 MMb/d. US and Europe economic recovery weakened in June as manufacturing activity contracted. Changes in June compared to the prior month include: Global oil demand. Global liquids demand increased by 1.6 MMb/d in June to 102 … Read more