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Oil Demand to Gow 1% in 2024: Total CEO

OIL

Oil demand is expected to grow by around 1% in 2024, after increasing by 2% this year, TotalEnergies CEO Patrick Pouyanne said, cited by Bloomberg.

  • High oil prices can be good for the climate due to demand destruction, Pouyanne said.
  • LNG supplies continue to be under pressure and tightness in the market will persist until 2026/27 when new capacity comes online in the US and Qatar, he said.

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