Rising Oil Prices: Supply and Demand Dynamics Driving the Market

2023-08-21 09:14:26

par Baptiste Lambert
posted on Monday August 21st, 2023 at 11:14 am •
3 min read

Tight supply and rising demand. Despite a disappointing Chinese recovery, demand for oil has never been higher than this year. In the other direction, OPEC+ is doing everything it can to limit supply. The consequence is inevitable: rising prices.

In the news : Oil prices are on the rise again.

The barrel of Brent, the benchmark in Europe, increased on Monday morning and now exceeds the 85 dollar mark. THE

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