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Home / Metal News / BofA: Oil Demand Soared to 5-year High

BofA: Oil Demand Soared to 5-year High

Apr 18, 2023 20:31

Source:SMM

Bank of America said seasonal demand for refined oil reached its highest level in five years, while absolute demand for gasoline and jet fuel soared to the highest level since the outbreak of Covid-19 pandemic.

Gasoline inventory is the tightest, 7% below year-earlier levels.

Macro economy

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BofA: Oil Demand Soared to 5-year High

SMM Events & Webinars

NET ZERO EUROPE - Solar & Energy Storage Summit

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit