👉Forecasting future World Crude Oil demand (2024) from the 3 largest economies. In general, the trend is sideways and somewhat decreasing.

Currently, oil prices are fluctuating around $76/barrel:

- 20% reduction compared to the most recent peak of $95/barrel in September 2023.

- Down 42% compared to the peak of this cycle of $130/barrel in March 2022.

The upcoming OPEC meeting will make important decisions on increasing or decreasing oil production in the near future. From there, it will affect long-term oil prices in 2024.💡