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  • International Energy Agency (IEA) leaves the 2024 world oil demand growth forecast unchanged, but lowered its forecast for next year
Tin tức thị trường
13.08.2024

International Energy Agency (IEA) leaves the 2024 world oil demand growth forecast unchanged, but lowered its forecast for next year

  • IEA predicts that this year the growth of global oil demand will amount to 970 thousand barrels

  • Next year, global oil demand growth is now expected to reach 950 thousand barrels (-30 thousand barrels compared to the previous forecast).

  • Chinese oil demand has contracted for the third consecutive month and now weak growth in China is significantly dragging on global gains. But advanced economies, notably the US, where one-third of global gasoline is consumed, compensated for that loss.

  • The summer driving season in the US is set to be the strongest since the pandemic

  • OPEC+ cuts are tightening physical markets

  • For now, supply is struggling to keep pace with peak summer demand, tipping the market into a deficit

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