Following a brief hiatus in May, Claudio Galimberti and Manash Goswami are back with a new edition of REview. Together they discuss Rystad Energy's latest medium-term outlook for oil demand, where we see prices remaining well supported amid a drawdown in inventory, steady demand growth in sectors such as aviation and prolonged geopolitical tensions, both in the Middle East and Russia/Ukraine. The latest OPEC+ move and a resurgence of the geopolitical risk premium will help bolster prices even though consumption for road transport fuels slows.
REview: The stickiness of oil demand
We look forward to joining you again for our next edition.
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Authors:
Claudio Galimberti
Senior Vice President, Head of North America Analysis
claudio.galimberti@rystadenergy.com
Manash Goswami
Vice President, Analytics
manash.goswami@rystadenergy.com
(The data and forecasts contained in this column are Rystad Energy’s and the opinions are of the authors.)