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The International Energy Agency (IEA), in its monthly report published on Thursday, said that it expects the global oil demand to rise by 2.1 million barrels per day in 2023 to surpass the pre-Covid levels at 101.8 million bps. Soaring oil use for power generation and gas-to-oil switching are boosting demand, the report stated. IEA has raised estimates for 2022 global demand growth by 380 […]

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