“Demand is very robust. The major crashes were supply-driven crashes. The prices we are witnessing now are supported by robust demand. At what level will demand start to get sluggish? I really don’t know, but it will at some point.” US crude climbed towards $68 a barrel on Thursday. Opec, which accounts for over half the world’s oil exports, has been pumping almost flat out for months. But prices remain stubbornly high because of robust demand, supply disruptions in Nigeria and Iraq and worries over the security of Iranian flows.
That'll be more dirhams to line the coffers. Here's the full article