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JODI Energy Demand Monitor (Nov. & Dec.)

JODI data on global oil and natural gas consumption show that global energy demand was weak in late 2022. China’s rapid reopening will likely boost demand for both. But plenty of downside risk remains. Advanced economies are either in the midst of a sharp slowdown or approaching one. And the risk for gas demand is that the behavioural changes that have reduced Europe’s consumption are here to stay.

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