In its monthly oil market report, the International Energy Agency (IEA) maintained the forecasts for 2023 and 2024 oil demand growth. Additional takea
In its monthly oil market report, the International Energy Agency maintained the forecasts for 2023 and 2024 oil demand growth.Extension of oil-output cuts by Saudi Arabia and Russia through year-end will lock in a substantial market deficit through Q4 23.
Leaves 2024 oil demand growth forecast steady at 1 mln bpd as China recovery runs out of steam and vehicle electrification, greater efficiency take hold.Global observed oil inventories plummeted by 76.3 million barrels to a 13-month low in August.is fading a spike to fresh ten-month highs of $88.92 on the above findings, currently trading at $88.62. The US oil is adding 0.51% on the day.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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