are on, so let s get started. time now to focus on the top business stories. i m sally bundock and we begin in turkey where, as you ve been hearing, most ballots are counted in this crucial general election and there does not appear to be a clear winner. official figures indicate that president recep tayyip erdogan has fallen short of of the crucial 50% of the vote. his secular opposition rival, kemal kilicdaroglu, is on around 45%, with a run off contest in two weeks time looking likely. turkey has been grappling with a cost of living crisis with inflation running at 44%, a key factor in turkish sentiment right now. let s talk to our reporter in ankara victoria craig who has spent much of the night at the headquarters of mr kilicdaroglu. good to see you. first of all, talk us through the feeling, the sentiment among those who are supporting the opposition. it was very, very long night for anyone who was keeping track of what was happening in turkey. i didn t get home
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global oil demand hit a record high injune that s according to an estimate by the international energy agency, which says demand reached an all time high of 103 million barrels a day. the agency suggests the demand could rise even more this month, hitting a new peak. here is our business reporter david waddell. global oil demand first passed through 100 million barrels a day in 2019 but the impact of the covid pandemic hit demand hard. at one point in the april of 2020, the price of a barrel of brent crude fell to $22.4. it s much higher now on friday, the market price closed at $85.5. that s a price that buyers are happy to accept on the world markets. june saw an estimated aggregate demand of 103 barrels per day. so, why is demand so high? that s a question i put to the independent energy analyst, cornelia meyer. well, the economy is doing
of brent crude fell to $22.4. it s much higher now on friday, the market price closed at $85.5. that s a price that buyers are happy to accept on the world markets. june saw an estimated aggregate demand of 103 barrels per day. so why is demand so high? that s a question i put to the independent energy analyst, cornelia meyer. the economy is doing a little bit better, the global economy, than was anticipated at the beginning of the year, especially the us is doing a lot better and even in europe where some economies aren t doing too well, there is still that revenge travel and tourism from the covid era. people want to travel again and all the planes are full, and we see that across the globe. in fact, the international energy agency says demand could reach a fresh peak this month and has pushed up its expectation for the whole of 2023, suggesting demand could reach just over 102 million barrels per day across the whole year.
that s according to an estimate by the international energy agency, which said demand reached an all time high of 103 million barrels a day. and the agency suggests demand could reach a fresh peak in the month of august. here s our business reporter david waddell. global oil demand first passed through 100 million barrels a day in 2019 but the impact of the covid pandemic hit demand hard. at one point in the april of 2020, the price of a barrel of brent crude fell to $22.4. it s much higher now on friday, the market price closed at $85.5. that s a price that buyers are happy to accept on the world markets. june saw an estimated aggregate demand of 103 barrels per day. so, why is demand so high? that s a question i put to the independent energy analyst cornelia meyer. well, the economy is doing a little bit better the global economy than was anticipated at the beginning of the year, especially the us is doing a lot better and even