Oil demand rises as gas prices surge: IEA
- 11-Aug-2022
PARIS: Global oil demand will rise more than previously forecast this year as heatwaves and soaring gas prices are prompting countries to switch fuels for power generation, the International Energy Agency said Thursday. Oil prices have dropped by $30 per barrel from a peak in June due to growing supplies and “escalating concerns over the […]
Global oil demand growth to slow in 2016: IEA
- 13-Oct-2015
PARIS: The world's demand for oil is expected to slow in 2016 in response to a more pessimistic outlook for the global economy, the International Energy Agency (IEA) said Tuesday.