@Rory_Johnston@MakaiMarine Yes I did read it Rory, I understand that it implies Asian demand will be needed. The bearish part was just a friendly joke βΊοΈ
@Rory_Johnston@MakaiMarine This is not my forte, but saying the long awaited PL wont be as great as everyone expected definitely paints the permabear brush. Jokes aside, how about in few months if this theory doesnt pan out you post a tweet admitting you were wrong π
With the monthly data for December in, the annual average for 2023 for total US oil demand comes at ~20.24m b/d β thatβs ~230,000 b/d higher than in 2022.
So much for all the constant nonsense about supposedly βweakβ American oil consumption last year | #OOTT 2/2
Today, Prime Minister @JustinTrudeau spoke with Alberta media during which he managed to call Albertans fools, claimed the carbon tax was saving Alberta families thousands of dollars, and condemned anyone supportive of parental involvement in their childβs education.Β Β Β
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Saudi Aramco CEO, world needs to find a Saudi Arabia every 2 years to replace depleting capacity
Key takeaways
1) lifting cost: $3.1 /bbl
2) World well supplied
3) Demand recovered
4) Global Depletion rate: 6%
5) Supply growth rate: 3%
#OOTT#Oil