Commodities Buzz: IEA Cuts Global Oil Demand Estimate For This Year By 1.73 Million Barrels Per Day

13 Jul 2022 , 06:33 PM

IEA has cut its 2022-23 global oil demand growth projections. The energy watchdog expects global oil demand to increase by 1.73 million b/d this year, it stated today in its latest Oil Market Report (OMR). This is a downward revision of 80,000 b/d compared with last months OMR. Oil demand growth for 2023 is now seen at 2.14mn b/d, a 30,000 b/d drop from the previous report.Powered by Commodity Insights