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Transcripts For CSPAN Washington Journal Jim Burkhard 20220803

You are the head of research for oil markets and Energy Mobility at s p global commodity insights , the Vice President there. What is going on right here today with oil and gas markets and the gas prices . Guest it is a precarious state paid we had covid and then it is a precarious state. We had covid and then the invasion of ukraine. The mobile market that we nuisance the 1990s are now coming apart that we knew since the 1990s are now coming apart. Between those who bother who buy oil from russia and those who do not pay because of higher prices, demand has started to ease. We had a Strong Demand surge late 2020, 20201 host postcovid guest postcovid. That demand has eased in response to high prices. Another key factor in the recent easing of prices is the economic slowdown in china, which typically has been the biggest source of oil demand. That has had a big impact on easing prices as well. Host explained that, what is happening in china that impacts us going to the pump in the Unite

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