Global Oil Demand, TeraDyne, Tesla & Facebook's Rebrand
singulardisrupt.substack.com
1.) Oil and Gas United States Oil (NYSE:USO) dropped 2.62% last week. Analysts reported that global crude oil demand is now expected to increase by 4.2mbpd to 100.8mbpd in year 2022, which is similar to pre-pandemic level (vs 6mbpd growth in year 2021). The continuous inventory drawdown suggests that the impact of the Covid-19 Delta variant could be milder than initially expected. US production is expected to grow by 0.6mbps or 6% to 11.7mbps in year 2022, higher prices will trigger more funds to accelerate drilling.
Global Oil Demand, TeraDyne, Tesla & Facebook's Rebrand
Global Oil Demand, TeraDyne, Tesla …
Global Oil Demand, TeraDyne, Tesla & Facebook's Rebrand
1.) Oil and Gas United States Oil (NYSE:USO) dropped 2.62% last week. Analysts reported that global crude oil demand is now expected to increase by 4.2mbpd to 100.8mbpd in year 2022, which is similar to pre-pandemic level (vs 6mbpd growth in year 2021). The continuous inventory drawdown suggests that the impact of the Covid-19 Delta variant could be milder than initially expected. US production is expected to grow by 0.6mbps or 6% to 11.7mbps in year 2022, higher prices will trigger more funds to accelerate drilling.