International Energy Agency's Executive Director Fatih Birol spoke Sunday on the sidelines of the India Energy Week conference"
Via Reuters:
- "We expect about half of the growth in global oil demand this year will come from China"
- China's jet fuel demand is exploding, putting upward pressure on demand
- "If demand goes up very strongly, if the Chinese economy rebounds, then there will be a need, in my view, for the OPEC+ countries to look at their (output) policies"
Also said that:
- price caps on Russian oil have achieved the objectives of both stabilising oil markets and reducing Moscow's revenues from oil and gas exports
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Earlier oil related post along similar lines, also an item that should the price a tailwind when markets reopen today:
