Dec 14, 2022
IEA raises oil demand view on gas-to-oil switching
IEA raises oil demand view on gas-to-oil switching
A better-than-expected response to Europe’s energy crisis and surprising economic resilience among major Asian economies are boosting demand for oil as a heat source, the International Energy Agency said Wednesday as it lifted its forecast for global crude demand. The Paris-based energy watchdog raised its oil CL.1, +0.93% BRN00, +0.83% demand growth forecasts for 2022 by 140,000 barrels a day…
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