Saudi Aramco CEO sees global oil demand to reach record high of 107.3mln BPD in 2026
The CEO of Saudi Aramco's prediction of global oil demand reaching a record high of 107.3 million barrels per day (BPD) by 2026 underscores a bullish outlook for the oil market.
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Saudi Aramco CEO sees global oil demand to reach record high of 107.3mln BPD in 2026
ECB's Muller says the chance of rate hike has increased but should not rush, need to see if the surge in energy prices is transitory or not
ECB's Simkus says it is important to stay calm until the next policy decision and not to over react, we are aware of the recent changes in market pricing but should stay the course for now
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This forecast signals strong underlying demand which could support prices, particularly in the context of OPEC+ supply constraints, and may influence trading strategies for WTI and other energy commodities as investors assess the longer-term implications for inflation and economic growth.
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