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IEA confirms oil demand growth forecasts; sees volatility threat as market tightens

September 14, 2023 Comments Off

The International Energy Agency has confirmed its global oil demand growth estimates for 2023 and 2024 but raised fresh concerns over a looming supply deficit this year, which has already triggered a fall in global oil stocks. In its latest monthly oil report, the IEA said world oil demand remains on track to grow by 2.2 million b/d in 2023…