World oil demand to hit fresh highs in 2023 as China rebounds: IEA

The International Energy Agency March 15 raised its estimate for global oil demand in 2023 by another 100,000 b/d as rebounding air traffic and pent-up Chinese demand push consumption to record highs. In its latest monthly oil market report, the Paris-based energy watchdog said it now sees global oil demand averaging 102.02 million b/d in 2023, 2 million b/d higher…