BBCNEWS BBC News June 4, 2024 22:21:00
Could reach a fresh peak in the month of august. here's our business reporter, david waddell. global oil demand first passed through 100 million barrels a day in 2019, but the impact of the covid pandemic hit demand hard. at one point in april 2020, the price of a barrel of brent crude fell to $22.4. it's much higher now. on friday, the market price closed at $85.5. a price that buyers are happy to accept on the world markets. june saw an estimated aggregate demand of 103 barrels per day. so why is demand so high? i put that question to the independent energy analyst cornelia meyer. well, the ...