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What's Affecting Oil Prices This Week? (Aug. 15, 2022)
2022-08-15 - Stratas Advisors anticipates continued oil price volatility due to macroeconomic and geopolitical uncertainties, as well as supply/demand fundamental fragility.
Global Oil Demand Set to Rise 2% to New High in 2023, Says IEA
2022-06-15 - According to IEA predictions, global oil demand will rise 2.2 MMbbl/d in the next year, with China leading the gains as it emerges from pandemic-induced lockdowns.
Oil Edges Up OPEC+ Meeting Eyed, Global Demand Concerns Weigh
2022-08-02 - OPEC+'s annual meeting will further discuss a potential hike in crude supply later this week.
OPEC Keeps Forecast for 2022 Oil Demand to Exceed Pre-pandemic Levels
2022-06-15 - At its last meeting on June 2, OPEC+ brought forward oil production rises to offset Russian losses and smooth the way for a visit to Saudi Arabia by U.S. President Joe Biden.
Russia's Energy Revenue Higher Now than Before War, US Official Says
2022-06-10 - “I can’t deny that,” U.S. energy security envoy Amos Hochstein told the Senate Subcommittee in response to a question about whether Moscow was making more money now off its crude oil and gas sales.