The head of the International Energy Agency (IEA) Fatih Birol spoke with Reuters on Monday.

  • “Even in sluggish economic growth, China and other developing countries’ demand is strong”
  • “Taken together with the production cuts coming from key producing countries, we still believe we may see tightness in the market in the second half of this year.”

Oil price update, has been firming up a little (famous last words?)

oil price chart update 11 July 2023