IEA Raises Oil Demand Outlook for 2024 for Third Consecutive Month ...Middle East

Global oil demand is set to rise by 1.2 million barrels per day (bpd) this year compared to 2023, the International Energy Agency (IEA) said on Thursday, raising its 2024 demand growth outlook for a third consecutive month. Although the IEA flagged today in its monthly report a significantly slower growth rate this year, due to “macroeconomic headwinds, tighter efficiency standards and an expanding EV fleet”, the Paris-based agency lifted its forecast for global oil demand growth by 180,000 bpd compared to the estimate from the previous…

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Last updated : 18 January 2024 clock 05:00 PM

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IEA Raises Oil Demand Outlook for 2024 for Third Consecutive Month ...Middle East

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