IEA says oil supercycle unlikely but gasoline demand may have peaked

Capt. John

An extended surge in oil prices is unlikely as the world rebounds from the pandemic given ample supply but changes are seen in demand and gasoline may have peaked, the International Energy Agency (IEA) said on Wednesday. “Oil’s sharp rally to near $70 a barrel has spurred talk of a new supercycle...

https://www.hellenicshippingnews.com/iea-says-oil-supercycle-unlikely-but-gasoline-demand-may-have-peaked/

Leave a Comment