Economic ‘headwinds’ lead IEA to cut global oil demand forecast
by Joe Middleton and agencies from Economics | The Guardian on (#6CYB7)
International Energy Agency still expects a record high this year, but for growth to be lower than thought
Global oil demand will reach an all-time high this year, but persistent macroeconomic headwinds" mean it will not grow as quickly as had previously been expected, the International Energy Agency (IEA) has said.
The Paris-based global energy watchdog said that demand was expected to rise by 2.2m barrels a day in 2023, leading to an average of 102.1m barrels a day.
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