IEA sees oil demand rebounding by 1.6 million bpd in October: Market wrap
IEA sees oil demand rebounding by 1.6 million bpd in October: Market wrap
RIYADH: Global oil demand declined for third consecutive month due to a resurgence of COVID- 19 cases in Asia.
Adjusted estimates of the global oil demand in the third quarter of 2021 by a reduction of about 200 kb/d since last month, the monthly report of IEA issued on Tuesday showed.
The IEA sees a demand rebound of 1.6 million barrels per day in October and continued growth until the end of the year.
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