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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.
Russian Oil, Fuel Revenue Up Even as Exports Fall: IEA
2022-06-16 - Despite its ban, the EU remained the main destination for Russian oil exports last month, making up 43% of Russian flows followed by just over a quarter to China.
Oil Prices on Track for Weekly Gain as Recession Fears Ease
2022-08-12 - Both Brent, WTI fall 0.3% in early trading, though weekly increase recoup part of last week’s oil price declines.
OPEC Mulls Excluding Russia from Oil-production Deal
2022-05-31 - Oil prices turned negative on May 31 after the Wall Street Journal reported that some producers were exploring the idea of suspending Russia’s participation in the OPEC+ production deal.