World oil demand growth ‘continues to lose momentum,’ IEA says, trimming 2022 estimate

Global oil demand continues to lose momentum due to China’s economic weakness and a slowdown in countries of the Organization for Economic Cooperation and Development, the International Energy Agency said Sept. 14, trimming its 2022 demand growth estimate by 100,000 b/d. In its monthly oil market report, the IEA said global supply had risen for a third straight month in…