International Economic

IEA cuts forecasts for oil demand in 2024

By Benjamin Chiou

Date: Wednesday 15 May 2024

(Sharecast News) - The International Energy Agency (IEA) has slashed its oil demand forecast for 2024 as a result of poor industrial activity and mild winter temperatures, which have sapped gasoil consumption so far this year.
The IEA's monthly Oil Market Report for May projects oil demand will rise by 1.1m...

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