Oil Demand hits record 103 million barrels a day in the Summer of 2023
In recent years, the global oil market has exhibited remarkable volatility, driven by a confluence of factors. Geopolitical tensions, supply-demand dynamics, and economic uncertainties have contributed to significant price fluctuations. Meanwhile, the emergence of the COVID-19 pandemic in 2020 introduced unprecedented disruption, precipitating a substantial decline in oil demand amid widespread travel restrictions and economic […]