The outlook for oil demand globally remains cautious. The OPEC monthly report for August indicated global oil demand growth 2026 would likely be around 0.6 million barrels per day. which is less, and the IEA said high oil prices due to tensions in the Middle East are affecting demand.Dried gas production in the U.S. is around record levels at 111 Bcf/d in 2026 while consumption in the power sector will remain high.Global LNG conditions significantly tighten. European gas storage is around 61% compared to th ...