WTI drops back below $82 despite upbeat IEA’s oil market report Oil WTI Commodities China OPEC
market report published on Wednesday, the International Energy Agency said that China is set to account for half of 2023 oil demand growth after COVID-19 reopening.Global refinery activity steady in Dec as US runs plunged due to weather-related outages.World oil supply growth in 2023 is set to slow to 1 mln bpd, led by declines in Russian exports.Russian oil exports fell by 200,000 bpd MoM in December to 7.8 mln bpd on new price cap sanctions.Global oil demand is set to rise by 1.
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