Commodities

IEA trims forecasts as demand for oil slows

By Abigail Townsend

Date: Thursday 12 Sep 2024

(Sharecast News) - Global demand for oil is slowing "sharply", the International Energy Agency said on Thursday, as it trimmed annual growth forecasts.
The Paris-based body said demand rose by 800,000 barrels per day (bpd) year-on-year in the first half of 2024, significantly lower than the 2.3m bpd recorded in 2023....

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