The narrative is making less and less sense. Presumably, oil demand rose above its pre-COVID peak in September, while oil supply did not. Global oil demand rose seasonally in September to the second-highest level of this year, according to the JODI data shared by the Riyadh-based International Energy Forum (IEF).
Oil Demand Is Rising, But Oil Prices Are…
The narrative is making less and less sense. Presumably, oil demand rose above its pre-COVID peak in September, while oil supply did not. Global oil demand rose seasonally in September to the second-highest level of this year, according to the JODI data shared by the Riyadh-based International Energy Forum (IEF).