Oil markets are facing a growing challenge as crude demand begins to weaken, driven by a perfect storm of rising prices for key products. For the first time in years, the cost of jet fuel is not the only factor contributing to the decline in crude consumption. Other essential products, such as diesel and gasoline, are also experiencing price hikes, making it increasingly difficult for refineries to maintain profitability. As a result, oil producers are bracing for a potential drop in demand, which could have far-reaching consequences for global energy markets.
Crude demand weakens when not only jet fuel but other product prices rise too
