Snapshot of global oil supply and demand: August 2023

Written by : Rocken
Written by : Rocken

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Our dashboard explores key short-term signposts impacting oil demand, supply, and prices. Brent crude oil prices increased by USD 6.0/bbl m-o-m to USD 86.2/bbl, driven by an improving macroeconomic sentiment with easing inflation, and the tightening of global supply due to OPEC cuts and a decline in Russian output:

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