IEA raises 2023 demand growth forecast by 200,000 b/d, sees demand peak this decade

The International Energy Agency on June 14 raised its forecast of world oil demand growth in 2023 by 200,000 b/d to 2.4 million b/d, while forecasting oil demand for transportation to peak in 2026 and an overall peak in oil demand “in sight” by the end of the decade. The Paris-based organization highlighted China’s resurgence as it raised its annual…