Wonder what price oil will go to once the SPR is drained, China re-opens and also maybe invades Taiwan…
https://oilprice.com/Energy/Energy-General/IEA-Sees-Global-Oil-Demand-Hitting-A-Record-High-In-2023.html
https://oilprice.com/Energy/Energy-General/IEA-Sees-Global-Oil-Demand-Hitting-A-Record-High-In-2023.html
Oil Price
IEA Sees Global Oil Demand Hitting A Record High In 2023
The IEA believes that China’s reopening will drive global oil demand to a record high this year, up by 1.9 million bpd from 2022.