The International Energy Agency (IEA) has slightly upgraded its forecast for the global oil demand growth to 99.4 million barrels per day in 2022, according to its fresh report published on Wednesday.
“Overall 2022 oil demand is forecast to average 99.4 mb/d, marginally higher than in our May Report, due to stronger than projected growth during March and April,” the report points out.
“This remains 1 mb/d behind 2019 levels,” the report notes, adding that it is expected to reach 101.6 million barrels per day in 2023.
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