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Free AccessIEA Raises Oil Demand Growth to 1.3mn bpd
The IEA raised its oil demand growth forecast for this year on a more positive outlook for the US as well as bunker demand support because of Red Sea diversions.
- It now places oil-demand growth at 1.3 mn bpd from a previous forecast of 1.2 mn bpd.
- Total demand is forecast to average 103.2 mn bpd from previously 103 mn bpd.
- The IEA’s global supply-growth forecast was cut to an average of 102.9 mn bpd from 103.8 mn bpd previously after OPEC+ output expectations were lowered by 920,000 bpd.
To read the full story
Sign up now for free trial access to this content.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.