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Javier Blas: Nevermind Those EVs — Oil Demand Keeps Growing

Fuel efficiency and green initiatives haven’t slaked the world’s thirst for crude. Like clockwork, the commodities market worries in May about the strength of oil demand heading into the northern hemisphere summer holiday. Nervousness about the seasonal pickup in oil consumption abounds. It happened in 2023, and it’s happening again this year.

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Posted: May 13, 2024 Monday