IEA cuts 2024 oil demand growth view, sees surplus looming
- Posted on October 15, 2024
- By Business News Today
- 4 Views
IEA cuts 2024 oil demand growth view, sees surplus looming
The International Energy Agency reduced its global oil demand growth forecast for 2024 due to weak demand in China. The IEA highlighted that Chinese demand fell for the fourth consecutive month, impacting overall growth. A surplus in the oil market is expected by 2025 without major supply disruptions.
