MARKETS

Global oil demand weakens as prices remain high 

HIGH global oil prices, the negative effects of sanctions on Moscow and the ongoing war in Ukraine, have combined to weaken oil demand for March, with that weakness expected to persist through April and May. 

Tim Daiss
 Shanghai lock down to dampen oil demand, prices

Shanghai lock down to dampen oil demand, prices

Rystad Energy said that increased COVID-19 lockdowns in China, mostly Shanghai and its population of 25 million, will also put downward pressure on global oil demand. Both Brent and West Texas Intermediate...

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