Extract from demand:
European oil demand continued to decline in May, falling y/y by 0.67 mb/d to 14.57 mb/d amid a weak economic backdrop. Demand fell y/y across all EU-5 countries except for Spain (+29 thousand b/d), with Germany (-0.21 mb/d), Italy (-0.16 mb/d) and the UK (-0.14 mb/d) particul..
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