Weekly EIA Petroleum Report -- Global Oil Demand Forecast Certainly Doesn't Suggest Recession, Stagflation, Or Global Slowing -- May 15, 2024

Locator: 47158B.

Weekly EIA petroleum report:

• US crude oil in storage dropped again, from 3% to 4% below the five-year average
• refiners upped their activity from 88% to 90%
• jet fuel supplied was up a very, very nice 3.7% compare with a year ago
  

Oil demand forecast: