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IEA raises global oil demand this year and next

 Last Update: 2021-11-02
 Source: Internet
 Author: User

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Recently, the Paris-based International Energy Agency (IEA) released an October oil market report, which raised global oil demand in 2021 and 2022 to an average of 96.

According to the forecast of the IEA, as the energy crisis continues to prompt people to rely on oil, global oil demand will increase by an average of 5.

Thanks to the recovery of the United States from the impact of Hurricane Ida and the decision of the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC oil-producing countries to continue to increase oil production, the International Energy Agency predicts that international crude oil supply will increase substantially in October

Due to market concerns about energy supply and continued decline in oil inventories, crude oil prices reached their highest level in seven years in early October

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