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Global oil demand could see surprise surge in 2023, says top hedge-fund trader

Por: MarketWatch Business December 29, 2022

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In the thread, Andurand looked at the pandemic-related hit to oil-demand growth versus the long-term trend. Past hits to demand growth have seen a quick return to trend, he noted. But a full return to the trend might not be in the cards, Andurand cautioned. The main reason is the increasing adoption of electric vehicles. He noted that from 2019 to 2023, 35 million new EVs will have been sold, representing a loss of 600,000 barrels a day of oil... + full article



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