U.S. Oil and Petroleum Is in Demand
April 16, 2026
April 16, 2026
WASHINGTON, April 16 [Category: Energy] -- The Institute for Energy Research posted the following commentary:
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U.S. Oil and Petroleum Is in Demand
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Key Takeaways
1 The Iran conflict has led to higher premiums on U.S. oil production as markets have shifted from oversupply to a supply shortage.
2 The world now relies less upon oil than it did in 1973, dropping from 51% of global energy to 34% in 2024.
. . .
* * *
U.S. Oil and Petroleum Is in Demand
*
Key Takeaways
1 The Iran conflict has led to higher premiums on U.S. oil production as markets have shifted from oversupply to a supply shortage.
2 The world now relies less upon oil than it did in 1973, dropping from 51% of global energy to 34% in 2024.
. . .