IEA confirms oil demand growth forecasts; sees volatility threat as market tightens

The International Energy Agency has confirmed its global oil demand growth estimates for 2023 and 2024 but raised fresh concerns over a looming supply deficit this year, which has already triggered a fall in global oil stocks. In its latest monthly oil report, the IEA said world oil demand remains on track to grow by 2.2 million b/d in 2023… The International Energy Agency has confirmed its global oil demand growth estimates for 2023 and 2024 but raised fresh concerns over a looming supply deficit this year, which has already triggered a fall in global oil stocks. In its latest monthly oil report, the IEA said world oil demand remains on track to grow by 2.2 million b/d in 2023… Read More