Thursday, October 12, 2023

The IEA lowers its 2024 oil demand growth prediction due to economic challenges

 LONDON: The Worldwide Energy Office (IEA) brought down its oil request development conjecture for 2024 in its month to month report on Thursday, recommending crueler worldwide financial circumstances and progress on energy effectiveness will burden utilization.

The Paris-based organization amended its interest development estimate to 880,000 barrels each day (bpd) for the following year, from its past gauge of 1 million bpd development.

In any case, it knock up its 2023 interest figure to 2.3 million bpd from a past estimate of 2.2 million.

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