IEA raises 2023 oil demand growth estimate by 100,000 b/d on ‘resurgent’ China
2023 supply growth estimate raised to 1.2 million b/d, led by non-OPEC+ Record-high output expected from US, Brazil, Norway, Canada, Guyana The International Energy Agency has raised its estimate of global oil demand growth for this year by 100,000 b/d to 2 million b/d on the back of a “resurgent” China and an aviation recovery. In its latest monthly oil…