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Surging Oil Demand Soared to Near-Record Levels in May 2023

Surging Oil Demand Soared to Near-Record Levels in May 2023

by Greg Hillman | Jul 18, 2023 | Saudi Arabia, China, Crude, Demand, India, Production, United States | China, crude, demand, diversify, how to invest in oil, investing in oil, investing in oil drilling, oil and gas investing, oil exploration, reliability, supply, tax deductions

The world’s oil demand jumped by more than 3 million barrels per day (bpd) in May due to surging oil demand.