Finance

⛽ The IEA forecasts oil demand to reach a record due to lifted Covid restrictions in China. Demand is expected to increase by 1.9 million barrels per day. The IEA warns against potential price rises as supply and demand conditions in the oil market may change.

🏦 Sandvik has taken a seven-year loan of 500 million EUR from the European Investment Bank (EIB) to support its R&D in advanced solutions for component manufacturing, electrification, and automation for the mining and infrastructure segments.

💸 In 2022, Swedish fund savers raised 19 billion SEK in funds, significantly lower than the annual average of 79 billion SEK since 2000. Total fund assets decreased by 884 billion SEK due to a sharp drop in the Stockholm Stock Exchange. Many fund savers have been selling funds with higher risk, particularly equity funds.