Top Insights
- 2024 world oil demand growth forecast unchanged at +2.25m barrels
- 2025 world oil demand growth forecast unchanged at +1.85m barrels
In a separate report from RIA:
- Russian production decreased by 114K bpd in June
- OPEC oil production in June decreased by 80k bpd in June
WTI crude is fractionally lower today but 60-cents above the lows of the day. The API oil inventory data was tighter late yesterday and we will get the EIA data today. The main worries are Chinese demand at the moment.
This article was written by Adam Button at www.forexlive.com.
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