IEA raises oil demand growth forecast for 2022 and 2023 – The National
- Date: 14-Dec-2022
- Source: The National
- Sector:Oil & Gas
- Country:Saudi Arabia
IEA raises oil demand growth forecast for 2022 and 2023 – The National
The International Energy Agency increased its global oil demand growth estimate for this year and the next on rising crude consumption in India, China and the Middle East.
The IEA now expects oil demand to grow by 1.7 million barrels per day in 2023, up from its previous estimate of 1.6 million.
This year, oil demand will grow by 2.3 million bpd, a 140,000 bpd increase over the agency’s previous forecast.
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