Oil demand in the US and Europe is holding up well for now

Chinese demand is likely to recover in the second half of 2022

Dated Brent is up more than 50% year-to-date

Oil demand is already being hurt by higher crude prices, but there are positive signs that consumption will hold for now, Toril Bosoni, head of the International Energy Agency’s oil markets division, said in an interview with S&P Global Commodity Insights.

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